Based on the provided data and technical analysis, here's the price prediction for BAC for the next trading week:
Technical Analysis
News Sentiment Analysis
Price Prediction for Next Week Target price range: $46.80 - $48.20
Rationale:
Trading recommendation: BUY with entry at current levels ($46.57)
The price of BAC is predicted to go up -4.51%, based on the high correlation periods with CBZ. The similarity of these two price pattern on the periods is 95.28%.
BAC
CBZ
Year
BAC Price Forecast($)
Potential Return(%)
2025
44.870
0.130
2026
50.000
11.580
2027
65.000
45.060
2028
65.000
45.060
2029
65.000
43.170
2030
65.000
43.170
Bank of America is poised to succeed on a nationwide scale, and there seems to be no structural reason it can't be one of the strongest bank franchises going forward.
As a GSIB, Bank of America should not have to worry about deposit flight, and its valuation has become less demanding recently, potentially increasing future upside.
Bank of America is seeing exceptional digital adoption, and there still seems to be something left in the tank for expense savings, potentially helping the bank better absorb inflationary expense pressure.
Piper Sandler
Price Target
$50 → $49
Upside
+5.16%
Morgan Stanley
Price Target
$54 → $56
Upside
+20.18%
Oppenheimer
Price Target
$54 → $55
Upside
+18.04%