Bank of America Stock Target Price and Analyst Consensus

BAC Stock  USD 37.92  0.11  0.29%   
The current analyst and expert consensus on Bank of America is Buy with 7 buy recommendations. The current projected Bank of America target price consensus is 32.07, with 24 analyst opinions. The most common way Bank Of America analysts use to provide public buy-or-sell recommendation is financial statements analysis. They also talk to Bank of America executives, vendors, and/or customers. Bank of America buy-or-sell recommendation module provides average expert sentiment on the projected Bank Of America target price to derive its highest and lowest estimates based on target price estimated volatility of 0.0. Check out Macroaxis Advice on Bank of America to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.
Lowest Forecast
29.18
Highest Forecast
35.6
Target Price
32.07
At present, Bank of America's Operating Profit Margin is projected to increase slightly based on the last few years of reporting. The current year's Gross Profit Margin is expected to grow to 1.09, whereas Gross Profit is forecasted to decline to about 64.8 B. At present, Bank of America's Retained Earnings are projected to increase significantly based on the last few years of reporting. The current year's Cash is expected to grow to about 358.5 B, whereas Total Assets are forecasted to decline to about 1.7 T.
  
It's important to approach Bank of America's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Bank of America Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Bank target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Bank of America's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   24  Buy
Most Bank analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Bank stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Bank Of America, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Bank of America Target Price Projection

Bank of America's current and average target prices are 37.92 and 32.07, respectively. The current price of Bank of America is the price at which Bank Of America is currently trading. On the other hand, Bank of America's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Bank of America Market Quote on 29th of March 2024

Low Price37.42Odds
High Price38.0Odds

37.92

Target Price

Analyst Consensus On Bank of America Target Price

Low Estimate29.18Odds
High Estimate35.6Odds

32.07

Historical Lowest Forecast  29.18 Target Price  32.07 Highest Forecast  35.6
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Bank Of America and the information provided on this page.

Bank of America Analyst Ratings

Bank of America's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Bank of America stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Bank of America's financials, market performance, and future outlook by experienced professionals. Bank of America's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Bank of America price targets

Bank of America's stock target price is an estimate of its future price, usually made by analysts. Using Bank of America's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Bank of America's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Bank of America's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Bank of America Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Bank of America is a key component of Bank of America valuation and have some predictive power on the future returns of a Bank of America.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank of America's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
36.8638.1139.36
Details
Intrinsic
Valuation
LowRealHigh
32.9734.2241.71
Details
Naive
Forecast
LowNextHigh
36.4137.6638.91
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.720.770.86
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bank of America. Your research has to be compared to or analyzed against Bank of America's peers to derive any actionable benefits. When done correctly, Bank of America's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bank Of America.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Cleaning Idea
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Invested over 100 shares
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Warren Buffett Holdings
Invested few shares
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Macroaxis Index
Invested over 200 shares
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Invested over 40 shares
When determining whether Bank Of America offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bank of America's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bank Of America Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bank Of America Stock:
Check out Macroaxis Advice on Bank of America to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.
Note that the Bank Of America information on this page should be used as a complementary analysis to other Bank of America's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Bank of America's price analysis, check to measure Bank of America's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of America is operating at the current time. Most of Bank of America's value examination focuses on studying past and present price action to predict the probability of Bank of America's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of America's price. Additionally, you may evaluate how the addition of Bank of America to your portfolios can decrease your overall portfolio volatility.
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The data published in Bank of America's official financial statements usually reflect Bank of America's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Bank Of America. For example, before you start analyzing numbers published by Bank accountants, it's critical to develop an understanding of what Bank of America's liquidity, profitability, and earnings quality are in the context of the Banks space in which it operates.
Please note, the presentation of Bank of America's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Bank of America's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Bank of America's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Bank Of America. Please utilize our Beneish M Score to check the likelihood of Bank of America's management manipulating its earnings.