Bank of America Stock: A Deep Dive Into Analyst Perspectives (11 Ratings)
Portfolio Pulse from Benzinga Insights
Analysts' ratings for Bank of America (NYSE:BAC) over the last quarter show a mix of bullish and bearish sentiments. The average 12-month price target has increased to $42.77, reflecting a 9.5% rise from the previous average. Key analysts have adjusted their ratings and price targets, with several raising their targets. Despite a recent decline in revenue growth, Bank of America maintains strong profitability and effective cost control.
July 17, 2024 | 2:00 pm
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Analysts' ratings for Bank of America (NYSE:BAC) show mixed sentiments, with a recent increase in the average 12-month price target to $42.77. Despite a decline in revenue growth, the company maintains strong profitability and effective cost control.
The increase in the average 12-month price target to $42.77, along with several analysts raising their ratings and price targets, suggests a positive outlook for BAC. Despite a recent decline in revenue growth, the company's strong profitability and effective cost control are likely to support its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100