NYSE:BAC

Bank of America (BAC) Price Target & Analyst Ratings

$31.29

+0.35 (+1.13%)

(As of 08/11/2023 08:47 PM ET)

Compare

Today's Range: $30.75
▼
$31.40
50-Day Range: $27.75
▼
$32.65
52-Week Range: $26.32
▼
$38.60

Volume: 35.72 million shs
Average Volume: 50.99 million shs
Market Capitalization: $248.64 billion

P/E Ratio: 8.99
Dividend Yield: 2.81%
Price Target: $36.26

Bank of America Consensus Rating and Price Target (2023)

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 Analyst Rating

Hold
Based on 16 Analyst Ratings

Consensus Analyst Price Target

$36.26
15.89% Upside

High Prediction	$47.00
Average Prediction	$36.26
Low Prediction	$29.00

Type	Current 8/14/22 to 8/14/23	1 Month Ago 7/15/22 to 7/15/23	3 Months Ago 5/16/22 to 5/16/23	1 Year Ago 8/14/21 to 8/14/22
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	9 Buy rating(s)	10 Buy rating(s)	13 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$36.26	$36.72	$36.77	$46.66
Predicted Upside	15.89% Upside	19.49% Upside	19.10% Upside	22.63% Upside

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BAC Analyst Ratings 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	2.38	2.41	2.48
Consensus Rating	Hold	Hold	Hold
Predicted Upside	15.89% Upside	1,127.30% Upside	324.28% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/19/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$41.00 ➝ $40.00	+30.21%
7/7/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$32.00 ➝ $33.00	+16.67%
7/6/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$45.00 ➝ $40.00	+37.55%
6/30/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$35.00	+19.21%
5/12/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$36.00 ➝ $35.00	+27.78%
4/19/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underperform	$28.00 ➝ $29.00	-3.53%
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4/19/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$44.00 ➝ $47.00	+56.93%
4/19/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$34.00 ➝ $36.00	+20.20%
4/19/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral	$38.00 ➝ $33.00	+7.98%
4/12/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight	$48.00 ➝ $39.00	+35.84%
4/10/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight	$38.00 ➝ $34.00	+22.13%
4/3/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$39.00 ➝ $35.00	+22.42%
3/8/2023	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$35.20	+6.67%
1/31/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Neutral	$40.00	+13.31%
1/17/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Underweight	$36.00 ➝ $33.00	-6.33%
1/6/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$45.00 ➝ $36.00	+5.66%

(Data available from 8/14/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

BAC Price Target - Frequently Asked Questions

What is Bank of America's consensus rating and price target?: According to the issued ratings of 16 analysts in the last year, the consensus rating for Bank of America stock is Hold based on the current 2 sell ratings, 6 hold ratings and 8 buy ratings for BAC. The average twelve-month price prediction for Bank of America is $36.26 with a high price target of $47.00 and a low price target of $29.00. Learn more on BAC's analyst rating history.
Do Wall Street analysts like Bank of America more than its competitors?: Analysts like Bank of America less than other Finance companies. The consensus rating score for Bank of America is 2.38 while the average consensus rating score for finance companies is 2.41. Learn more on how BAC compares to other companies.
Does Bank of America's stock price have much upside?: According to analysts, Bank of America's stock has a predicted upside of 18.51% based on their 12-month price targets.

What analysts cover Bank of America?: Bank of America has been rated by BMO Capital Markets, Morgan Stanley, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.
Does Bank of America rate other companies?: Bank of America also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.

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This page (NYSE:BAC) was last updated on 8/14/2023 by MarketBeat.com Staff

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