This Is What Whales Are Betting On Bank of America
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Bank of America (NYSE:BAC), with 61% of recent trades being bearish. The price target for BAC over the last 3 months has been between $25.0 and $40.0. The current price of BAC is down -1.5% at $31.52. Analysts from Morgan Stanley, BMO Capital, and Oppenheimer have maintained their ratings on BAC, with price targets of $34, $40, and $52 respectively.
August 04, 2023 | 10:01 am
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A significant investor has taken a bearish stance on Bank of America, with the majority of recent trades being bearish. Analysts have maintained their ratings, with price targets ranging from $34 to $52.
The bearish stance taken by a significant investor, coupled with the current price decrease, could potentially lead to a short-term decrease in BAC's stock price. However, the maintained ratings and price targets from analysts suggest a potential for growth in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100