Bank of America (BAC)
(Delayed Data from NYSE)
$39.77 USD
+0.53 (1.35%)
Updated Aug 23, 2024 04:00 PM ET
After-Market: $39.77 0.00 (0.00%) 7:58 PM ET
3-Hold of 5 3
C Value C Growth B Momentum C VGM
Bank of America (BAC) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$44.17 | $50.00 | $35.00 | 12.56% |
Price Target
Based on short-term price targets offered by 25 analysts, the average price target for Bank of America comes to $44.17. The forecasts range from a low of $35.00 to a high of $50.00. The average price target represents an increase of 12.56% from the last closing price of $39.24.
Analyst Price Targets (25)
Broker Rating
Bank of America currently has an average brokerage recommendation (ABR) of 1.96 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 25 brokerage firms. The current ABR compares to an ABR of 2.00 a month ago based on 26 recommendations.
Of the 25 recommendations deriving the current ABR, 12 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 48% and 8% of all recommendations. A month ago, Strong Buy made up 46.15%, while Buy represented 7.69%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 12 | 12 | 12 | 10 | 10 |
Buy | 2 | 2 | 2 | 2 | 1 |
Hold | 11 | 12 | 12 | 12 | 13 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 1 | 1 |
ABR | 1.96 | 2.00 | 2.00 | 2.20 | 2.24 |
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 |
---|---|---|---|---|
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 | 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 |
7/17/2024 | Not Identified | Not Identified | Hold | Hold |
7/9/2024 | Piper Sandler | Robert S Siefers | Strong Sell | Hold |
7/5/2024 | Daiwa America | Kazuya Nishimura | Strong Buy | Strong Buy |
7/2/2024 | Not Identified | Not Identified | Hold | Hold |
7/2/2024 | Seaport Research Partners | James F Mitchell | Hold | Strong Buy |
7/1/2024 | Goldman Sachs | Richard N Ramsden | Strong Buy | Strong Buy |
6/14/2024 | Keefe Bruyette & Woods | David J Konrad | Hold | Moderate Buy |
5/7/2024 | Not Identified | Not Identified | Hold | Hold |
4/19/2024 | UBS | Erika Najarian | Hold | Hold |
4/18/2024 | Not Identified | Not Identified | Hold | Strong Buy |
4/8/2024 | Not Identified | Not Identified | Hold | Hold |
3/28/2024 | Wells Fargo Securities | Michael L Mayo | Strong Buy | Strong Buy |
3/19/2024 | Not Identified | Not Identified | 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 | 1.96 |
ABR (Last week) | 2.00 |
# of Recs in ABR | 25 |
Average Target Price | $44.17 |
LT Growth Rate | 8.50% |
Industry | Banks - Major Regional |
Industry Rank by ABR | 42 of 253 |
Current Quarter EPS Est: | 0.81 |