$41.77
0.12% day before yesterday
NYSE, Nov 01, 09:00 pm CET
ISIN
US0605051046
Symbol
BAC
Sector
Industry

Bank of America Target price 2024 - Analyst rating & recommendation

Bank of America Classifications & Recommendation:

Buy
70%
Hold
30%

Bank of America Price Target

Target Price $47.00
Price $41.76
Potential
Number of Estimates 20
20 Analysts have issued a price target Bank of America 2025 . The average Bank of America target price is $47.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 23 analysts: 16 Analysts recommend Bank of America to buy, 7 to hold and 0 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 & 2026

Create a premium account to unlock analyst estimates. Learn more

Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 175.00 102.01
51.46% 41.71%
Net Margin 13.53% 24.19%
36.25% 78.76%

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

$102b
Unlock
. This is
47.83% lower
Unlock
than the revenue of the last 12 months(TTM). The highest sales forecast is
$103b 47.29%
Unlock
, the lowest is
$101b 48.24%
Unlock
.

This results in the following potential growth metrics:

Revenue Estimates

2023 $175b 51.46%
2024
$102b 41.71%
Unlock
2025
$107b 5.29%
Unlock
2026
$112b 4.30%
Unlock

20 Bank of America Analysts have issued a net profit forecast 2024. The average Bank of America net profit estimate is

$24.7b
Unlock
. This is
16.71% higher
Unlock
than the net profit for the last 12 months(TTM). The highest net profit forecast is
$27.0b 27.64%
Unlock
, the lowest is
$24.1b 13.82%
Unlock
.

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

Net Profit Estimates

2023 $23.7b 3.45%
2024
$24.7b 4.21%
Unlock
2025
$28.4b 14.98%
Unlock
2026
$32.5b 14.36%
Unlock

Net Margin

2023 13.53% 36.25%
2024
24.19% 78.76%
Unlock
2025
26.42% 9.22%
Unlock
2026
28.97% 9.65%
Unlock

Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

Create a premium account to unlock analyst estimates. Learn more

Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 3.08 3.21
3.45% 4.22%
P/E 13.01
EV/Sales 10.42

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
Unlock
. This is
16.73% higher
Unlock
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%
Unlock
, the lowest is
$3.13 13.82%
Unlock
.

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

Earnings Per Share

2023 $3.08 3.45%
2024
$3.21 4.22%
Unlock
2025
$3.69 14.95%
Unlock
2026
$4.22 14.36%
Unlock

P/E ratio

Current 15.18 115.32%
2024
13.01 14.30%
Unlock
2025
11.32 12.99%
Unlock
2026
9.89 12.63%
Unlock

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

10.42
Unlock
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 5.43 8.82%
2024
10.42 91.85%
Unlock
2025
9.89 5.02%
Unlock
2026
9.49 4.12%
Unlock

P/S ratio

Current 1.64 36.95%
2024
3.14 91.70%
Unlock
2025
2.98 5.02%
Unlock
2026
2.86 4.13%
Unlock

Register for Free

StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.

The Apple stock at a glance with charts, current key metrics, news and stock analyses.
The Best Dividend Stocks in the Dividend Top Scorer list.
Stock Analyses of the Best Stocks Worldwide.
Start building wealth today