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 $36.39 with a high price target of $49.00 and a low price target of $29.00.
What is the target price for bank of America?
The 61 analysts offering price forecasts for Bank of America have a median target of 42.55, with a high estimate of 60.00 and a low estimate of 29.00. The median estimate represents a 68.43 difference from the last price of 29.12.
What is the average BAC price target in 2023-06-30?
The median BAC price target (a different metric than the average or mean) was $35.0 as of 2023-06-30, the highest BAC price target in the range was $55.0 while the lowest BAC price target in the range was $28.0, with a standard deviation of $6.771. Get the latest Zacks research report on BAC — FREE
What is a price target?
Price targets can pertain to all types of securities, from complex investment products to stocks and bonds. When setting a stock's price target, an analyst is trying to determine what the stock is worth and where the price will be in 12 or 18 months. Ultimately, price targets depend on the valuation of the company that's issuing the stock.
