Based on the provided data and recent market activity, here's a comprehensive analysis for BAC's price prediction for next week:
Technical Analysis
Recent Price Action
Fundamental Catalysts
Price Prediction for Next Week Based on technical and fundamental factors:
Target Levels:
Expected Movement:
Bearish scenario (60% probability): Price likely to test support at $44.15 due to:
Bullish scenario (40% probability): Potential bounce to $46.27 (Fibonacci pivot) if:
Recommendation: SELL with target entry at current levels ($44.80) and exit at $44.15. Set stop-loss at $47.58.
The price of BAC is predicted to go up 13.05%, based on the high correlation periods with PGC. The similarity of these two price pattern on the periods is 91.2%.
BAC
PGC
Year
BAC Price Forecast($)
Potential Return(%)
2025
44.870
0.130
2026
55.000
18.790
2027
65.000
40.390
2028
65.000
40.390
2029
65.000
40.390
2030
65.000
40.390
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
2025-01-17
Price Target
$50 → $49
Upside
+5.16%
Morgan Stanley
2025-01-17
Price Target
$54 → $56
Upside
+20.18%
Oppenheimer
2025-01-17
Price Target
$54 → $55
Upside
+18.04%