$44.38
0.00% today
NYSE, Dec 26, 07:44 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 $50.10
Price $44.38
Potential
Number of Estimates 20
20 Analysts have issued a price target Bank of America 2025 . The average Bank of America target price is $50.10. 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 $ 175.00 102.01
48.49% 41.71%
Net Margin 13.53% 24.19%
34.98% 78.76%

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
47.84% 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 48.49%
2024
$102b 41.71%
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2025
$108b 5.66%
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2026
$113b 4.61%
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2027
$116b 2.97%
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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
16.71% 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 4.20%
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2025
$28.6b 15.89%
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2026
$33.0b 15.34%
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2027
$33.4b 1.40%
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Net Margin

2023 13.53% 34.98%
2024
24.19% 78.76%
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2025
26.53% 9.67%
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2026
29.25% 10.25%
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2027
28.81% 1.50%
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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 3.21
3.45% 4.22%
P/E 13.83
EV/Sales 10.61

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

$3.21
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. This is
16.73% 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
$3.21 4.22%
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2025
$3.72 15.89%
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2026
$4.29 15.32%
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2027
$4.35 1.40%
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P/E ratio

Current 16.13 72.15%
2024
13.83 14.26%
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2025
11.93 13.74%
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2026
10.35 13.24%
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2027
10.20 1.45%
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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

10.61
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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 5.54 2.97%
2024
10.61 91.60%
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2025
10.05 5.35%
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2026
9.60 4.41%
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2027
9.33 2.89%
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P/S ratio

Current 1.74 10.03%
2024
3.34 91.71%
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2025
3.16 5.36%
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2026
3.02 4.41%
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2027
2.93 2.89%
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