Bank of America (BAC) Stock Forecast, Price Target & Predictions


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BAC Stock Forecast


Bank of America stock forecast is as follows: an average price target of $48.25 (represents a 24.84% upside from BAC’s last price of $38.65) and a rating consensus of 'Buy', based on 22 wall street analysts offering a 1-year stock forecast.

BAC Price Target


The average price target for Bank of America (BAC) is $48.25 based on 1-year price targets from 22 Wall Street analysts in the past 3 months, with a price target range of $144.00 to $36.00. This represents a potential 24.84% upside from BAC's last price of $38.65.

BAC Analyst Ratings


Buy

According to 22 Wall Street analysts, Bank of America's rating consensus is 'Buy'. The analyst rating breakdown for BAC stock is 0 'Strong Buy' (0.00%), 14 'Buy' (63.64%), 7 'Hold' (31.82%), 1 'Sell' (4.55%), and 0 'Strong Sell' (0.00%).

Bank of America Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 03, 2024Scott SiefersPiper Sandler$44.00$40.408.92%13.84%
Sep 03, 2024Matt O'ConnorDeutsche Bank$45.00$40.7510.43%16.43%
Aug 06, 2024Kenneth LeonCFRA$39.00$36.925.63%0.91%
Jul 17, 2024Gerard CassidyRBC Capital$46.00$44.134.24%19.02%
Jul 16, 2024Richard RamsdenGoldman Sachs$45.00$44.271.65%16.43%
Jul 09, 2024Jay McCanlessWedbush$144.00$40.99251.26%272.57%
Jul 09, 2024Scott SiefersPiper Sandler$42.00$40.623.40%8.67%
Jul 03, 2024Glenn SchorrEvercore ISI$43.00$40.935.06%11.25%
Jul 03, 2024-Jefferies$41.00$40.900.24%6.08%
Jul 02, 2024Jim MitchellSeaport Global$48.00$40.1719.48%24.19%
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The latest Bank of America stock forecast, released on Sep 03, 2024 by Scott Siefers from Piper Sandler, set a price target of $44.00, which represents a 8.92% increase from the stock price at the time of the forecast ($40.40), and a 13.84% increase from BAC last price ($38.65).

Bank of America Price Target by Period


1M3M12M
# Anlaysts21024
Avg Price Target$44.50$53.70$46.88
Last Closing Price$38.65$38.65$38.65
Upside/Downside15.14%38.94%21.29%

In the current month, the average price target of Bank of America stock is $44.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 15.14% increase as opposed to Bank of America's last price of $38.65. This month's average price target is down -17.13% compared to last quarter, and down -5.08% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 03, 2024Piper SandlerNeutralNeutralHold
Jul 18, 2024BMO CapitalMarket PerformMarket PerformHold
Jul 17, 2024Morgan StanleyOverweightOverweightHold
Jul 17, 2024RBC CapitalOutperformOutperformHold
Jul 17, 2024Wells FargoOverweightOverweightHold
Jul 17, 2024BarclaysOverweightOverweightHold
Jul 16, 2024Goldman SachsBuyBuyHold
Jul 09, 2024Wedbush-NeutralUpgrade
Jul 09, 2024Piper SandlerUnderweightNeutralUpgrade
Jul 03, 2024Evercore ISIOutperformOutperformHold
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Bank of America's last stock rating was published by Piper Sandler on Sep 03, 2024. The company gave BAC a "Neutral" rating, the same as its previous rate.

Bank of America Financial Forecast


Bank of America Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$20.86B$25.17B$25.20B$26.26B$24.53B$24.50B-$23.23B$22.06B$22.77B$21.47B$22.82B$20.10B$20.34B$22.33B$22.77B$22.35B$22.81B
Avg Forecast$27.65B$28.02B$27.41B$27.46B$26.64B$26.91B$26.62B$26.70B$25.35B$25.52B$25.22B$25.49B$23.70B$25.13B$24.98B$25.16B$24.17B$23.52B$22.70B$23.13B$22.18B$21.68B$21.80B$21.90B$20.58B$20.78B$21.81B$22.71B$22.22B$22.58B
High Forecast$28.07B$28.45B$27.83B$27.88B$27.04B$27.32B$27.03B$27.11B$25.73B$26.01B$25.61B$25.87B$24.79B$25.51B$25.36B$25.54B$24.54B$23.87B$22.70B$23.67B$22.70B$22.18B$22.30B$22.41B$21.06B$21.26B$22.31B$23.24B$22.74B$23.11B
Low Forecast$27.24B$27.61B$27.01B$27.06B$26.25B$26.52B$26.23B$26.31B$24.98B$25.03B$24.85B$25.11B$22.96B$24.76B$24.61B$24.79B$23.82B$23.17B$22.70B$22.63B$21.70B$21.21B$21.33B$21.43B$20.13B$20.33B$21.34B$22.22B$21.75B$22.10B
# Analysts5454434358548454435364810148810137
Surprise %------------0.88%1.00%1.01%1.04%1.01%1.04%-1.00%0.99%1.05%0.98%1.04%0.98%0.98%1.02%1.00%1.01%1.01%

Bank of America's average Quarter revenue forecast for Mar 24 based on 4 analysts is $25.49B, with a low forecast of $25.11B, and a high forecast of $25.87B. BAC's average Quarter revenue forecast represents a 22.21% increase compared to the company's last Quarter revenue of $20.86B (Dec 23).

Bank of America EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358548454435364810148810137
EBITDA------------$3.63B$8.10B$26.23B$23.30B$18.79B$14.65B-$9.70B$9.46B$10.66B$9.66B$10.82B$7.81B$6.38B$5.94B$8.93B$13.39B$13.03B
Avg Forecast$9.63B$9.76B$9.55B$9.56B$9.28B$9.37B$9.27B$9.30B$8.83B$8.89B$8.78B$10.95B$8.26B$8.75B$8.70B$9.95B$8.42B$9.42B$7.90B$9.05B$8.71B$8.56B$6.40B$7.54B$7.25B$6.12B$3.74B$10.10B$12.21B$11.75B
High Forecast$9.77B$9.91B$9.69B$9.71B$9.42B$9.52B$9.41B$9.44B$8.96B$9.06B$8.92B$13.14B$8.63B$8.89B$8.83B$11.94B$8.55B$11.30B$7.90B$10.86B$10.45B$10.27B$7.68B$9.05B$8.69B$7.34B$4.49B$12.12B$14.65B$14.10B
Low Forecast$9.49B$9.62B$9.41B$9.42B$9.14B$9.24B$9.14B$9.16B$8.70B$8.72B$8.66B$8.76B$8.00B$8.62B$8.57B$7.96B$8.30B$7.53B$7.90B$7.24B$6.97B$6.85B$5.12B$6.04B$5.80B$4.89B$2.99B$8.08B$9.77B$9.40B
Surprise %------------0.44%0.92%3.02%2.34%2.23%1.56%-1.07%1.09%1.25%1.51%1.43%1.08%1.04%1.59%0.88%1.10%1.11%

4 analysts predict BAC's average Quarter EBITDA for Mar 24 to be $10.95B, with a high of $13.14B and a low of $8.76B. This is 201.95% upper than Bank of America's previous annual EBITDA (Dec 23) of $3.63B.

Bank of America Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358548454435364810148810137
Net Income------------$2.84B$7.80B$7.41B$8.16B$7.13B$7.08B-$7.07B$7.01B$7.69B$9.22B$8.05B$5.47B$4.88B$3.53B$4.01B$6.99B$5.78B
Avg Forecast$8.82B$8.64B$8.70B$7.81B$7.74B$7.65B$7.49B$6.97B$6.61B$6.39B$6.34B$7.98B$4.24B$6.58B$6.69B$7.26B$6.14B$6.79B$6.02B$6.60B$6.46B$6.17B$6.11B$5.61B$5.07B$4.68B$2.22B$4.53B$6.38B$5.21B
High Forecast$8.99B$8.81B$8.87B$7.96B$7.89B$7.81B$7.64B$7.10B$6.74B$6.94B$6.47B$9.58B$4.80B$6.71B$6.82B$8.71B$6.26B$8.15B$6.02B$7.92B$7.75B$7.41B$7.33B$6.73B$6.09B$5.62B$2.67B$5.44B$7.65B$6.25B
Low Forecast$8.65B$8.47B$8.53B$7.66B$7.59B$7.51B$7.35B$6.83B$6.49B$5.83B$6.22B$6.38B$3.63B$6.46B$6.56B$5.80B$6.02B$5.43B$6.02B$5.28B$5.17B$4.94B$4.89B$4.49B$4.06B$3.75B$1.78B$3.63B$5.10B$4.17B
Surprise %------------0.67%1.19%1.11%1.12%1.16%1.04%-1.07%1.09%1.25%1.51%1.43%1.08%1.04%1.59%0.88%1.10%1.11%

Bank of America's average Quarter net income forecast for Mar 24 is $7.98B, with a range of $6.38B to $9.58B. BAC's average Quarter net income forecast represents a 181.22% increase compared to the company's last Quarter net income of $2.84B (Dec 23).

Bank of America SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358548454435364810148810137
SG&A------------$13.95B$11.82B$12.09B$12.21B$11.45B$11.46B-$11.57B$10.95B$10.83B$11.41B$11.86B$10.19B$10.82B$9.96B$10.19B$9.96B$11.96B
Avg Forecast$16.19B$16.41B$16.06B$16.08B$15.60B$15.77B$15.59B$15.64B$14.85B$14.95B$14.77B$13.07B$13.88B$14.72B$14.63B$11.88B$14.16B$9.56B$13.29B$10.80B$10.09B$8.69B$7.56B$8.26B$9.44B$10.38B$6.27B$11.52B$9.08B$10.78B
High Forecast$16.44B$16.66B$16.30B$16.33B$15.84B$16.00B$15.83B$15.88B$15.07B$15.23B$15.00B$15.68B$14.52B$14.94B$14.85B$14.25B$14.37B$11.47B$13.29B$12.96B$12.11B$10.43B$9.07B$9.92B$11.33B$12.45B$7.53B$13.82B$10.89B$12.94B
Low Forecast$15.96B$16.17B$15.82B$15.85B$15.37B$15.53B$15.37B$15.41B$14.63B$14.66B$14.56B$10.45B$13.45B$14.50B$14.42B$9.50B$13.95B$7.65B$13.29B$8.64B$8.07B$6.95B$6.05B$6.61B$7.56B$8.30B$5.02B$9.21B$7.26B$8.63B
Surprise %------------1.00%0.80%0.83%1.03%0.81%1.20%-1.07%1.09%1.25%1.51%1.43%1.08%1.04%1.59%0.88%1.10%1.11%

Bank of America's average Quarter SG&A projection for Mar 24 is $13.07B, based on 4 Wall Street analysts, with a range of $10.45B to $15.68B. The forecast indicates a -6.34% fall compared to BAC last annual SG&A of $13.95B (Dec 23).

Bank of America EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358548454435364810148810137
EPS------------$0.35$0.91$0.88$0.95$0.85$0.81-$0.81$0.85$0.86$1.04$0.87$0.60$0.51$0.38$0.40$0.75$0.57
Avg Forecast$1.11$1.08$1.09$0.98$0.97$0.96$0.94$0.87$0.83$0.80$0.80$0.76$0.53$0.83$0.84$0.81$0.77$0.78$0.75$0.75$0.77$0.71$0.77$0.66$0.55$0.49$0.28$0.48$0.68$0.54
High Forecast$1.13$1.11$1.11$1.00$0.99$0.98$0.96$0.89$0.85$0.87$0.81$0.78$0.60$0.84$0.86$0.82$0.79$0.79$0.75$0.77$0.79$0.73$0.79$0.68$0.57$0.51$0.29$0.49$0.70$0.55
Low Forecast$1.09$1.06$1.07$0.96$0.95$0.94$0.92$0.86$0.81$0.73$0.78$0.75$0.46$0.81$0.82$0.79$0.76$0.76$0.75$0.73$0.74$0.69$0.75$0.64$0.53$0.48$0.28$0.47$0.66$0.52
Surprise %------------0.66%1.10%1.05%1.18%1.10%1.04%-1.08%1.11%1.21%1.35%1.32%1.09%1.03%1.34%0.83%1.10%1.06%

According to 4 Wall Street analysts, Bank of America's projected average Quarter EPS for Mar 24 is $0.76, with a low estimate of $0.75 and a high estimate of $0.78. This represents a 117.35% increase compared to BAC previous annual EPS of $0.35 (Dec 23).

Bank of America Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CMCanadian Imperial Bank of Commerce$61.45$106.6273.51%Buy
TDToronto-Dominion Bank$62.20$89.5243.92%Buy
BMOBank of Montreal$85.56$120.9541.36%Hold
BNSBank of Nova Scotia$52.04$71.5337.45%Hold
BACBank of America$38.65$48.2524.84%Buy
CCitigroup$57.67$69.9221.24%Buy
WFCWells Fargo & Company$52.78$58.8911.58%Buy
JPMJPMorgan Chase$204.32$199.22-2.50%Buy
RYRoyal Bank of Canada$123.59$107.81-12.77%Buy
NUNu$14.74$12.69-13.91%Buy

BAC Forecast FAQ


Yes, according to 22 Wall Street analysts, Bank of America (BAC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 63.64% of BAC's total ratings.

Bank of America (BAC) average price target is $48.25 with a range of $36 to $144, implying a 24.84% from its last price of $38.65. The data is based on 22 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for BAC stock, the company can go up by 24.84% (from the last price of $38.65 to the average price target of $48.25), up by 272.57% based on the highest stock price target, and down by -6.86% based on the lowest stock price target.

BAC's highest twelve months analyst stock price target of $144 supports the claim that Bank of America can reach $60 in the near future.

2 Wall Street analysts forecast a $44.5 price target for Bank of America (BAC) this month, up 15.14% from its last price of $38.65. Compared to the last 3 and 12 months, the average price target increased by 38.94% and increased by 21.29%, respectively.

Bank of America's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $106.88B (high $108.5B, low $105.31B), average EBITDA is $37.22B (high $37.79B, low $36.68B), average net income is $29.85B (high $30.44B, low $29.28B), average SG&A $62.6B (high $63.56B, low $61.69B), and average EPS is $3.75 (high $3.82, low $3.68). BAC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $110.54B (high $112.22B, low $108.92B), average EBITDA is $38.5B (high $39.08B, low $37.93B), average net income is $33.96B (high $34.63B, low $33.31B), average SG&A $64.75B (high $65.73B, low $63.8B), and average EPS is $4.27 (high $4.35, low $4.18).

Based on Bank of America's last annual report (Dec 2023), the company's revenue was $94.19B, which missed the average analysts forecast of $98.97B by -4.83%. Apple's EBITDA was $30.37B, missing the average prediction of $35.66B by -14.82%. The company's net income was $24.87B, beating the average estimation of $24.77B by 0.39%. Apple's SG&A was $56.29B, beating the average forecast of $55.11B by 2.13%. Lastly, the company's EPS was $3.08, beating the average prediction of $3.01 by 2.41%. In terms of the last quarterly report (Dec 2023), Bank of America's revenue was $20.86B, missing the average analysts' forecast of $23.7B by -12.02%. The company's EBITDA was $3.63B, missing the average prediction of $8.26B by -56.08%. Bank of America's net income was $2.84B, missing the average estimation of $4.24B by -33.14%. The company's SG&A was $13.95B, beating the average forecast of $13.88B by 0.47%. Lastly, the company's EPS was $0.35, missing the average prediction of $0.533 by -34.36%