$47.00
1.16% yesterday
NYSE, Nov 22, 10:11 pm CET
ISIN
US0605051046
Symbol
BAC
Sector
Industry

Bank of America Target price 2024 - Analyst rating & recommendation

Bank of America Classifications & Recommendation:

Buy
74%
Hold
22%
Sell
4%

Bank of America Price Target

Target Price $48.70
Price $47.00
Potential
Number of Estimates 20
20 Analysts have issued a price target Bank of America 2025 . The average Bank of America target price is $48.70. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 23 analysts: 17 Analysts recommend Bank of America to buy, 5 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Bank of America stock has an average upside potential 2025 of . Most analysts recommend the Bank of America stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 175.00 102.06
51.46% 41.68%
Net Margin 13.53% 24.24%
36.25% 79.13%

17 Analysts have issued a sales forecast Bank of America 2024 . The average Bank of America sales estimate is

$102b
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. This is
47.81% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$103b 47.29%
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, the lowest is
$101b 48.19%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $175b 51.46%
2024
$102b 41.68%
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2025
$107b 5.30%
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2026
$112b 4.35%
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2027
$116b 3.54%
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20 Bank of America Analysts have issued a net profit forecast 2024. The average Bank of America net profit estimate is

$24.7b
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. This is
17.00% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$27.0b 27.64%
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, the lowest is
$24.1b 13.82%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $23.7b 3.45%
2024
$24.7b 4.46%
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2025
$28.4b 14.73%
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2026
$32.5b 14.36%
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2027
$33.4b 3.05%
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Net Margin

2023 13.53% 36.25%
2024
24.24% 79.13%
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2025
26.41% 8.95%
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2026
28.94% 9.58%
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2027
28.81% 0.45%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 3.08 3.22
3.45% 4.55%
P/E 14.61
EV/Sales 10.81

20 Analysts have issued a Bank of America forecast for earnings per share. The average Bank of America <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$3.22
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. This is
17.09% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$3.51 27.64%
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, the lowest is
$3.13 13.82%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $3.08 3.45%
2024
$3.22 4.55%
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2025
$3.69 14.60%
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2026
$4.22 14.36%
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2027
$4.35 3.08%
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P/E ratio

Current 17.09 103.45%
2024
14.61 14.51%
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2025
12.73 12.87%
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2026
11.13 12.57%
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2027
10.80 2.96%
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Based on analysts' sales estimates for 2024, the Bank of America stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

10.81
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 5.64 8.25%
2024
10.81 91.60%
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2025
10.26 5.03%
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2026
9.84 4.17%
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2027
9.50 3.42%
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P/S ratio

Current 1.84 29.94%
2024
3.53 91.61%
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2025
3.36 5.03%
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2026
3.22 4.17%
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2027
3.11 3.41%
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