Bank of America (BAC) Stock Forecast & Price Target

$46.54 -0.10 (-0.21%)

As of 01/17/2025 03:59 PM Eastern

Bank of America - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 23 Analyst Ratings

Sell
1

Hold
5

Buy
17

Based on 23 Wall Street analysts who have issued ratings for Bank of America in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 23 analysts, 1 has given a sell rating, 5 have given a hold rating, 15 have given a buy rating, and 2 have given a strong buy rating for BAC.

Consensus Price Target

$48.58
4.36% Upside

According to the 23 analysts' twelve-month price targets for Bank of America, the average price target is $48.58. The highest price target for BAC is $58.00, while the lowest price target for BAC is $39.00. The average price target represents a forecasted upside of 4.36% from the current price of $46.54.

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BAC Analyst Ratings Over Time

Type	Current Forecast 1/22/24 to 1/21/25	1 Month Ago 12/23/23 to 12/22/24	3 Months Ago 10/24/23 to 10/23/24	1 Year Ago 1/22/23 to 1/22/24
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	15 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)	9 Buy rating(s)
Hold	5 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$48.58	$45.92	$42.69	$35.20
Forecasted Upside	4.36% Upside	3.96% Upside	0.82% Upside	8.12% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

BAC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BAC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bank of America Stock vs. The Competition

Type	Bank of America	Finance Companies	S&P 500
Consensus Rating Score	2.78	2.51	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	4.36% Upside	22.60% Upside	12.44% Upside
News Sentiment Rating	Positive News See Recent BAC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/17/2025	Morgan Stanley 3 of 5 stars	Betsy Graseck Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$54.00 ➝ $56.00	+20.94%
1/17/2025	Piper Sandler 2 of 5 stars	Scott Siefers Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$50.00 ➝ $49.00	+5.82%
1/17/2025	Oppenheimer 3 of 5 stars	Chris Kotowski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$54.00 ➝ $55.00	+17.61%
1/17/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	John McDonald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$52.00 ➝ $53.00	+13.16%
1/17/2025	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Glenn Schorr Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$53.00 ➝ $51.00	+9.91%
1/7/2025	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Martinez Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
1/7/2025	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$50.00	+10.16%
1/7/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Najarian Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$43.00 ➝ $53.00	+16.77%
1/6/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$53.00 ➝ $58.00	+26.91%
12/3/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Konrad Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$50.00 ➝ $57.00	+21.23%
Get the Latest News and Ratings for BAC and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Bank of America and its competitors with MarketBeat's FREE daily newsletter.
11/15/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$52.00 ➝ $56.00	+21.98%
11/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Horowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$46.00 ➝ $54.00	+20.62%
10/18/2024	Phillip Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Accumulate	$44.00	+3.95%
10/9/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$46.00 ➝ $46.00	+15.00%
9/3/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$45.00	+10.43%
7/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$38.00 ➝ $40.00	-9.07%
7/16/2024	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Sell	$39.00	-11.86%
7/9/2024	Piper Sandler Companies Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral	$37.00 ➝ $42.00	+2.87%
7/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$39.00 ➝ $41.00	+0.44%
7/2/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Mitchell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
5/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$39.50 ➝ $40.50	+8.75%
4/19/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$42.00	+17.42%
4/3/2024	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
1/16/2024	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$33.90	+3.35%
12/1/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$30.00 ➝ $33.00	+8.13%
1/31/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$40.00	+13.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:25 AM ET.

Should I Buy Bank of America Stock? BAC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, January 12, 2025. Please send any questions or comments about these Bank of America pros and cons to contact@marketbeat.com.

Bank of America
Bull Case

Here are some ways that investors could benefit from investing in Bank of America:

Bank of America reported earnings per share (EPS) of $0.81 for the latest quarter, exceeding analysts' expectations of $0.78, indicating strong financial performance.
The current stock price is $45.67, reflecting a solid market position and potential for growth, especially considering its 1-year high of $48.08.
Institutional investors own 70.71% of Bank of America's stock, suggesting strong confidence from large financial entities in the company's future prospects.
The company has a dividend yield of 2.30%, providing a steady income stream for investors, which is attractive in a low-interest-rate environment.
Bank of America has shown a revenue increase of 0.4% compared to the same quarter last year, demonstrating resilience and growth potential in a competitive market.

Bank of America
Bear Case

Investors should be bearish about investing in Bank of America for these reasons:

Insider selling has been significant, with major shareholder Berkshire Hathaway Inc. selling over 11 million shares recently, which may indicate a lack of confidence in the stock's short-term performance.
The company's debt-to-equity ratio stands at 1.09, which is relatively high and could indicate increased financial risk, especially in a rising interest rate environment.
Bank of America has a quick ratio of 0.80, suggesting potential liquidity issues, as it indicates that the company may not have enough liquid assets to cover its short-term liabilities.
Despite a positive EPS report, the company’s net margin of 12.48% is lower than some competitors, which could limit profitability growth in the future.
The stock has experienced volatility, with a beta of 1.33, indicating that it is more volatile than the market, which could pose risks for conservative investors.

BAC Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of America is $48.58, with a high forecast of $58.00 and a low forecast of $39.00.
: 23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last twelve months. There is currently 1 sell rating, 5 hold ratings, 15 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BAC shares.
: According to analysts, Bank of America's stock has a predicted upside of 4.36% based on their 12-month stock forecasts.
: Over the previous 90 days, Bank of America's stock had 4 upgrades and 1 downgrade by analysts.
: Bank of America has been rated by research analysts at Barclays, Citigroup, Evercore ISI, Hsbc Global Res, HSBC, Keefe, Bruyette & Woods, Morgan Stanley, Oppenheimer, Piper Sandler, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Bank of America also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.
: Analysts like Bank of America more than other "finance" companies. The consensus rating score for Bank of America is 2.78 while the average consensus rating score for "finance" companies is 2.51. Learn more on how BAC compares to other companies.

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This page (NYSE:BAC) was last updated on 1/21/2025 by MarketBeat.com Staff

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Bank of America (BAC) Stock Forecast & Price Target