Bank of America (BAC) Stock Forecasts for 2023: Analysts Latest Price Targets

Bank of America (BAC) Stock Forecasts for 2023 Analysts Latest Price Targets
Posted by:Alex Belov Posted on:Jun 21,2022

Bank of America Corporation (BAC) is an American multinational investment bank. It is the second largest banking institution in the US and the eighth largest bank in the world. The current capitalization is at the level of $300 billion.

On June 14, 2022, analysts at RBC Capital released the latest price target for Bank of America (BAC) stock at $45 for the next 12 months. Over the past year, 19 analyst firms have published forecasts Bank of America (NYSE: BAC) stock for 2023. The general consensus rating of analysts is Buy. The average analyst price target is $46 over the next 12 months (44% possible upside potential).

Forecasts, Upside Potential for Bank of America (BAC) in the Next 12 Months

Bank of America
BofA
BAC
Price on June 21, 2022
$31.85 
Consensus Rating = "Buy"
Lowest Price Target
$42
Average target price
$46
Maximum target price
$58

Bank of America (BAC) Stock Forecasts for 2023: Analysts Latest Price Targets

Analysts from RBC Capital, BMO Capital, Piper Sandler, Morgan Stanley and Baird published the latest forecasts for Bank of America (NYSE:BAC) stock.

FORECAST DATE: 06/14/2022
Analyst "RBC Capital"
4.5/5
Consensus Rating = Outperform
Price Target for the next 12 months = $51 → $45
Percent upside potential for stocks
41.29%
FORECAST DATE: 04/19/2022
Analyst "BMO Capital"
4.5/5
Consensus Rating = Market Perform
Price Target for the next 12 months = $48 → $46
Percent upside potential for stocks
44.43%
FORECAST DATE: 04/05/2022
Analyst "Piper Sandler"
4.5/5
Consensus Rating = Overweight
Price Target for the next 12 months = $57 → $51
Percent upside potential for stocks
60.13%
FORECAST DATE: 03/28/2022
Analyst "Morgan Stanley"
4.5/5
Consensus Rating = Underweight → Equal-Weight
Price Target for the next 12 months = $51 → $49
Percent upside potential for stocks
53.85%
Share analytics

Alex Belov

Developers by oneinveststock.com. Analyst, investor

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