Bank of America (BAC) Stock Forecast & Long-Term Prediction

• Price Today — 46.06 USD.

• Price at Q1 of 2024 — $37.92.

• Price for next year 2025 — $75.86

• Long-term price 2025-2030 — up to $93.21.

According to investing.com, 12 of the 25 professionals polled gave a "buy" rating. Another 11 recommended holding the asset. The average target price for the next 12 months is $40.08. This corresponds to a 4.24% upside from the value at the time of this writing.

In trade, technical analysis indicators help traders decide whether to make a deal. The most popular are:

1. RSI. On the daily chart, it's at 62.2. The asset is not overbought yet. 

2. The MACD equals 0.37, which is a buy signal.

3. Moving averages are below the quotation line, which indicates a bullish trend. Short-term averages are higher than long-term averages, which indicates a buy.

If the trend breaks, $37.73 will be a strong support. 

This overview is for informational purposes only. It is not investment advice.

Analysts' price targets for the next five years vary a lot. Experts with bearish positions say:

• Aggressive Fed policy will cause a credit crunch.

• Borrowers' finance problems will lead to more loan losses.

• Trade and geopolitical tensions will hurt investment.

The bank has a strong customer base and a flexible cost management system. It is unlikely to collapse during the crisis. Analysts do not predict such a development.

The Bulls are building on their strengths:

• The company is a leader in digital banking and benefits from AI and new financial instruments.

• The bank is updating investment products for clients.

• The company can enter new markets through mergers and acquisitions.

The Motley Fool says Bank of America will do better than its rivals. But the platform's experts don't think the company will be one of the top capitalized banks in a few years.

EPS may increase to $3.75 by 2028. In 2023, this indicator was $3.08. Revenue growth is expected to reach $112-$120 bln. In 2023, it was $98.58 bln. These expectations confirm the bullish scenario.

Analysts think 2024 will be mostly good for the bank. Unlike many companies, it benefits from high Fed rates. The problem is the rising credit card charge-off rate. This could lead to the need to increase reserves. 

Maximum share value projection for the end of 2024:

• $38.879 from Wallet Investor;

• $41.42 from Stockscan;

• $44.05 from Coin Price Forecast;

• $61.94 from 30rates.

Ken Usdin of Jefferies raised his target price to $39. Goldman Sachs changed its projection from $44 to $41.

The most negative scenario is a price drop to $35.07. 

Experts disagree about the share's future. Some think raising reserves will hurt BAC's revenue, while others think it'll boost interest rates.

Bank of America corp. stock outlook for year-end 2025:

• $33.77 from Stockscan;

• $38.68 from Wallet Investor;

• $53.98 from Coin Price Forecast;

• $70.21-$82.43 from 30rates.

BeatMarket experts don't think bearish expectations are realistic. We're sticking with our moderately optimistic outlook.

Wall Street analysts expect stock market growth. They believe a lower Fed rate will boost the market. Loan delinquencies are also expected to fall, which will help banks.

Some experts think that in 2026, prices will be at the level of the current price. They say this because prices have been going up recently. 

2026 price target:

• $37.74-$38.48 from Wallet Investor;

• $46.64-$52.32 from Stockscan;

• $62.22 from Coin Price Forecast;

• $87.29-$118.09 from Gov Capital.

Some say that BAC will lose its upward trend that began in 2023, while others suggest their stock ideas that the company will do better than other tech companies and the NASDAQ-100 index.

BAC projection at end of 2027:

• $37.55-$38.29 from Wallet Investor;

• $38.26-$44.92 from Stockscan;

• $68.24 from Coin Price Forecast;

• $128.74-$174.18 from Gov Capital.

BeatMarket experts think prices will go up, but not above $120.

Price targets for BAC 2028:

• $37.376-$38.040 from Wallet Investor;

• $36.52-$38.73 from Stockscan;

• $75.54 from Coin Price Forecast;

• $162.97-$220.48 from Gov Capital.

Its beta coefficient is 1.39. Its share is outperforming the market. BeatMarket believes that minimal volatility projections are unfounded. 

The Gov Capital platform's benchmarks seem overvalued. We like the share, but we don't think it will exceed $150.