Bank of America Stock (NYSE:BAC), Analyst Ratings, Price Targets, Predictions

The latest price target for Bank of America (NYSE: BAC) was reported by JP Morgan on May 1, 2024. The analyst firm set a price target for $40.50 expecting BAC to rise to within 12 months (a possible 9.79% upside). 41 analyst firms have reported ratings in the last year.

The latest analyst rating for Bank of America (NYSE: BAC) was provided by JP Morgan, and Bank of America maintained their overweight rating.

The last upgrade for Bank of America Corp happened on April 19, 2024 when Wolfe Research raised their price target to $42. Wolfe Research previously had a peer perform for Bank of America Corp.

The last downgrade for Bank of America Corp happened on April 4, 2024 when UBS changed their price target from $39 to $40 for Bank of America Corp.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Bank of America, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Bank of America was filed on May 1, 2024 so you should expect the next rating to be made available sometime around May 1, 2025.

While ratings are subjective and will change, the latest Bank of America (BAC) rating was a maintained with a price target of $39.50 to $40.50. The current price Bank of America (BAC) is trading at is $36.89, which is out of the analyst’s predicted range.