Bank of America Corp (BAC) Stock Forecast & Price Target
Bank of America Corp · NYSE
$62.35-0.33 (-0.53%)
15-min delayed · Sep 8, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 19 firms covering Bank of America Corp, 15 rate it Buy or better, 4 sit at Hold, and 0 rate it Sell or worse, a strong buy consensus. Targets are tightly clustered, $57.00 to $72.00, so the covering firms are broadly aligned. The average target of $65.00 sits 4% above the current $62.35. The rating mix has held broadly steady over recent months. On the fundamentals, the Street sees revenue growth near 7% this year and 5% next, consensus EPS building from about $1.16 next quarter toward $5.29 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS19 ratings
Strong Buy
Strong Buy00%
Buy1579%
Hold421%
Sell00%
Strong Sell00%
Based on 19 analysts giving stock ratings to Bank of America Corp.
As of Sep, 15 of 19 firms rate BAC a Buy (4 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
BAC EPS & revenue forecast
EPS · NEXT QUARTER
$1.16
Range $1.11 – $1.19 · 16 analysts · +18% YoY
Next period, 16 analysts expect Bank of America Corp to earn $1.16 a share (range $1.11 – $1.19), versus $0.98 a year earlier. Full-year consensus is $4.68, growing to $5.29 the year after.
REVENUE · NEXT QUARTER
$30.8B
Range $30.2B – $31.4B · 16 analysts · +8% YoY
Revenue is expected to reach $30.8B (range $30.2B – $31.4B), +8.0% year-over-year. Full-year consensus is $124.0B, rising to $130.5B next year.
Top analysts covering Bank of America Corp
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on BAC.
#1
Chris Kotowski
Oppenheimer · Rank #141
Hold
No targeton BAC
Overall win rate
44%
+ Follow
#2
Glenn Schorr
Evercore ISI Group
Buy
$67.00+7.5% to target
Coverage
—
+ Follow
#3
VJ
Vivek Juneja
JP Morgan
Buy
$68.00+9.1% to target
Coverage
—
+ Follow
#4
Gerard Cassidy
RBC Capital
Buy
$65.00+4.3% to target
Coverage
—
+ Follow
#5
Mike Mayo
Wells Fargo
Buy
$69.00+10.7% to target
Coverage
—
+ Follow
BAC stock forecast FAQ
What is BAC's average 12-month price target?+
The 14 analysts with a live target average $65.00 for Bank of America Corp over the next 12 months, ranging from a $72.00 high to a $57.00 low.
Is BAC stock a Buy, Sell or Hold right now?+
The current consensus is Strong Buy. Of the 19 analyst ratings, 15 are Buy or Strong Buy, 4 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for BAC?+
The Street-high target is $72.00 (Barclays), and the Street-low is $57.00 (Goldman Sachs). The average of all 14 active targets is $65.00.
How many Wall Street analysts cover BAC?+
19 analysts have an active rating on Bank of America Corp, and 14 firms carry a live 12-month price target.
Who is the most accurate analyst covering BAC?+
Among analysts who currently cover BAC, Chris Kotowski of Oppenheimer has the strongest overall Quantellect track record (Rank #141). Their current call is Hold.
What is Bank of America Corp's projected EPS for next quarter?+
The consensus estimate is $1.16 per share (range $1.11 – $1.19) across 16 analysts. Full-year EPS is projected at $4.68, rising to $5.29 the following year.
How much revenue is Bank of America Corp expected to report next quarter?+
Consensus revenue is $30.8B (range $30.2B – $31.4B). Full-year revenue is projected at $124.0B, growing to $130.5B next year.
Have analysts been upgrading or downgrading BAC lately?+
As of Sep, 15 of 19 firms rate BAC a Buy (4 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their BAC calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
