Bank of America (BAC)
(Delayed Data from NYSE)
$41.95 USD
+1.98 (4.95%)
Updated Oct 11, 2024 04:00 PM ET
After-Market: $41.96 +0.01 (0.02%) 7:58 PM ET
3-Hold of 5 3
D Value C Growth F Momentum D VGM
Bank of America (BAC) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$44.48 | $49.00 | $35.00 | 11.28% |
Price Target
Based on short-term price targets offered by 25 analysts, the average price target for Bank of America comes to $44.48. The forecasts range from a low of $35.00 to a high of $49.00. The average price target represents an increase of 11.28% from the last closing price of $39.97.
Analyst Price Targets (25)
Broker Rating
Bank of America currently has an average brokerage recommendation (ABR) of 1.83 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 24 brokerage firms. The current ABR compares to an ABR of 1.88 a month ago based on 25 recommendations.
Of the 24 recommendations deriving the current ABR, 13 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 54.17% and 8.33% of all recommendations. A month ago, Strong Buy made up 52%, while Buy represented 8%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 13 | 13 | 13 | 12 | 11 |
Buy | 2 | 2 | 2 | 2 | 2 |
Hold | 9 | 9 | 10 | 12 | 12 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.83 | 1.83 | 1.88 | 2.00 | 2.04 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
10/8/2024 | Daiwa America | Kazuya Nishimura | Strong Buy | Strong Buy |
10/2/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
10/1/2024 | Goldman Sachs | Richard N Ramsden | Strong Buy | Strong Buy |
9/16/2024 | Not Identified | Not Identified | Hold | Hold |
9/2/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
7/18/2024 | BMO Capital Markets | James Fotheringham | Hold | Hold |
7/17/2024 | Robert W. Baird & Co. | David A George | Hold | Hold |
7/17/2024 | Not Identified | Not Identified | Hold | Hold |
7/17/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
7/17/2024 | Argus Research Corp. | Stephen Biggar | Not Available | Strong Buy |
7/17/2024 | Evercore Partners | Glenn P Schorr | Strong Buy | Strong Buy |
7/17/2024 | Not Identified | Not Identified | Moderate Buy | Moderate Buy |
7/9/2024 | Piper Sandler | Robert S Siefers | Strong Sell | Hold |
7/2/2024 | Not Identified | Not Identified | Hold | Hold |
7/2/2024 | Seaport Research Partners | James F Mitchell | Hold | Strong Buy |
6/14/2024 | Keefe Bruyette & Woods | David J Konrad | Hold | Moderate Buy |
4/19/2024 | UBS | Erika Najarian | Hold | Hold |
3/28/2024 | Wells Fargo Securities | Michael L Mayo | Strong Buy | Strong Buy |
3/1/2024 | Atlantic Equities | John Heagerty | Hold | Hold |
2/21/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
1/12/2024 | Not Identified | Not Identified | Hold | Hold |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.83 |
ABR (Last week) | 1.83 |
# of Recs in ABR | 24 |
Average Target Price | $44.48 |
LT Growth Rate | 8.90% |
Industry | Banks - Major Regional |
Industry Rank by ABR | 59 of 252 |
Current Quarter EPS Est: | 0.78 |
BAC FAQs
Bank of America Corporation (BAC) currently has an average brokerage recommendation (ABR) of 1.83 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 24 brokerage firms.
The average price target for Bank of America Corporation (BAC) is $44.48. The current on short-term price targets is based on 7 reports.
The forecasts for Bank of America Corporation (BAC) range from a low of $35 to a high of $49. The average price target represents a increase of $6.03 from the last closing price of $41.95.
The current UPSIDE for Bank of America Corporation (BAC) is 6.03%
Based on short-term price targets offered by 25 analysts, the average price target for Bank of America comes to $44.48. The forecasts range from a low of $35.00 to a high of $49.00. The average price target represents an increase of 11.28% from the last closing price of $39.97.