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Bank of America Corp has a consensus price target of $43.07 based on the ratings of 28 analysts. The high is $55 issued by Wells Fargo on July 1, 2022. The low is $33 issued by Goldman Sachs on December 1, 2023. The 3 most-recent analyst ratings were released by Deutsche Bank, Morgan Stanley, and BMO Capital on September 3, 2024, July 30, 2024, and July 18, 2024, respectively. With an average price target of $44.67 between Deutsche Bank, Morgan Stanley, and BMO Capital, there's an implied 10.78% upside for Bank of America Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Bank of America (NYSE:BAC) was reported by Deutsche Bank on September 3, 2024. The analyst firm set a price target for $45.00 expecting BAC to rise to within 12 months (a possible 11.61% upside). 44 analyst firms have reported ratings in the last year.
The latest analyst rating for Bank of America (NYSE:BAC) was provided by Deutsche Bank, and Bank of America upgraded their buy rating.
The last upgrade for Bank of America Corp happened on September 3, 2024 when Deutsche Bank raised their price target to $45. Deutsche Bank previously had a hold for Bank of America Corp.
The last downgrade for Bank of America Corp happened on July 16, 2024 when CFRA changed their price target from N/A to $39 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 September 3, 2024 so you should expect the next rating to be made available sometime around September 3, 2025.
While ratings are subjective and will change, the latest Bank of America (BAC) rating was a upgraded with a price target of $0.00 to $45.00. The current price Bank of America (BAC) is trading at is $40.32, which is within the analyst’s predicted range.
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