Bank of America Receives $59.54 Consensus Price Target

Analysts see upside potential for the financial giant's stock

Apr. 9, 2026 at 7:52am

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An extreme close-up of the heavy, industrial components of a bank vault door, including gears, levers, and metallic mechanisms, conveying a sense of the tangible power and security of financial institutions.The imposing machinery of a bank vault door symbolizes the institutional strength and security that underpins the financial sector.Charlotte Today

Shares of Bank of America Corporation (NYSE:BAC) have received a 'Moderate Buy' consensus recommendation from 28 brokerages covering the stock. The average 12-month price target is $59.54, suggesting potential upside from the current trading price.

Why it matters

Bank of America is one of the largest financial institutions in the United States, with a significant presence in consumer banking, wealth management, and investment banking. Analyst sentiment and price targets can provide insight into the market's expectations for the company's future performance and growth potential.

The details

The analysts' ratings and price targets reflect a generally positive outlook for Bank of America. Five analysts have issued a 'Hold' recommendation, while 23 have assigned a 'Buy' rating. The average price target of $59.54 represents a potential upside of around 15% from the stock's current trading price.

  • The consensus recommendation and price target are based on analyst ratings and estimates over the past year.
  • Bank of America last reported earnings on January 14, 2026.

The players

Bank of America Corporation

A multinational financial services company headquartered in Charlotte, North Carolina, offering a broad range of banking, investment, asset management, and related financial services to individual consumers, businesses, and institutional investors.

Weiss Ratings

A financial research and ratings firm that has reaffirmed a 'buy (b)' rating on Bank of America's shares.

CICC Research

A research firm that has initiated coverage on Bank of America with an 'outperform' rating and a $62.00 price target.

Wells Fargo & Company

A financial services company that has raised its price target on Bank of America from $62.00 to $65.00 and maintained an 'overweight' rating.

Morgan Stanley

A global financial services firm that has decreased its price target on Bank of America from $67.00 to $61.00 but maintained an 'overweight' rating.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

What’s next

Investors will be closely watching Bank of America's upcoming earnings report and any further updates from analysts on their outlook for the company.

The takeaway

The consensus 'Moderate Buy' rating and $59.54 price target suggest that Wall Street sees potential upside in Bank of America's stock, reflecting the company's strong market position and growth prospects in the financial services industry.