Wall Street is positive on Bank of America Corp (BAC). On average, analysts give BAC a Buy rating. The average price target is $28.25, which means analysts expect the stock to rise by 13.96% over the next twelve months.
That average ranking earns BAC an Analyst Rating of 30, which is better than 30% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With Bank of America Corp Stock Today?
Bank of America Corp (BAC) stock is trading at $24.79 as of 3:47 PM on Thursday, Jul 30, a drop of -$0.49, or -1.92% from the previous closing price of $25.27. The stock has traded between $24.35 and $24.95 so far today. Volume today is 50,653,199 compared to average volume of 66,420,598.
