Bank of America Stock Target Price and Analyst Consensus
| BAC Stock | USD 47.77 0.02 0.04% |
The current analyst and expert consensus on Bank of America is Strong Buy with 8 buy recommendations. The current projected Bank of America target price consensus is 32.07, with 22 analyst opinions. 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 1.6209. 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 |
Bank |
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
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.
| 22 | Strong 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 ValuationBank of America Target Price Projection
Bank of America's current and average target prices are 47.77 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 28th of November 2024
Target Price
Analyst Consensus On Bank of America Target Price
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.
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.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. | Macroaxis Index Invested over 90 shares | |
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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.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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. Please utilize our Beneish M Score to check the likelihood of Bank of America's management manipulating its earnings.