The Latest Analyst Ratings For Bank of America
Portfolio Pulse from Benzinga Insights
Bank of America (NYSE:BAC) has been analyzed by 13 analysts, showing a range of opinions from bullish to bearish. The average 12-month price target has increased by 5.73% to $44.69. Analysts have adjusted their ratings and price targets, reflecting their views on the company's performance. Despite positive revenue growth, Bank of America's financial metrics like net margin, ROE, and ROA lag behind industry averages.
September 30, 2024 | 5:01 pm
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NEUTRAL IMPACT
Bank of America has received mixed analyst ratings, with a slight increase in the average price target. Despite positive revenue growth, its financial metrics like net margin, ROE, and ROA are below industry averages, indicating potential challenges.
The article provides a detailed analysis of Bank of America's recent analyst ratings and financial performance. The increase in the average price target suggests a positive outlook, but the mixed ratings and below-average financial metrics indicate potential challenges. This results in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100