BAC Price Prediction Next Week
Technical Analysis
BAC is currently trading at $46.52, showing a bullish trend in the short term. The stock has formed a strong support level around $45.00 and resistance at $47.20 based on Fibonacci levels. RSI at 57.24 indicates moderate bullish momentum without being overbought.
News Impact Analysis
Several significant events are affecting BAC's price movement:
Data Breach Incident: A recently confirmed third-party software breach affecting 414 customers could create short-term negative sentiment, though the impact appears limited given the relatively small number of affected customers.
Trump's Criticism: President Trump's recent criticism at the World Economic Forum regarding conservative discrimination could create some political risk, though market reaction has been minimal.
Strong Analyst Support: Multiple analysts maintain positive ratings, with Oppenheimer maintaining an Outperform rating with a $54 price target, suggesting significant upside potential.
Price Forecast for Next Week
Based on technical indicators and news sentiment:
- Bullish Scenario (60% probability): Price likely to test $47.20 Fibonacci resistance level
- Base Scenario (30% probability): Consolidation between $46.00-$46.80
- Bearish Scenario (10% probability): Support test at $45.04
Target Price: $47.20
Recommendation: BUY
Key reasons:
- Strong technical setup with clear support levels
- Limited impact from recent negative news
- Positive analyst sentiment with multiple price targets above $50
- Trading below most analyst price targets, suggesting upside potential
The stock shows potential for upward movement next week, with the first resistance target at $47.20. Current price levels offer a favorable risk-reward ratio with strong support at $45.04.
BAC Similar Chart Price Prediction
The price of BAC is predicted to go up -1.74%, based on the high correlation periods with CBZ. The similarity of these two price pattern on the periods is 95.69%.
BAC
CBZ
Down: -1.74%Similarity: 95.69%
BAC Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
BAC Price Forecast($)
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
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BAC Revenue Forecast
BAC EPS Forecast
BAC FAQs
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BAC VS S&P500
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.
BAC Analyst's Forecast
Scott Siefers
Piper Sandler
Hold
Price Target
$50 → $49
Upside
+5.16%
Piper Sandler analyst R. Scott Siefers lowered the firm's price target on Bank of America to $49 from $50 and keeps a Neutral rating on the shares following the Q4 report. The bank's core results were better than anticipated thanks to better net interest income and credit costs than modeled, the analyst tells investors in a research note.
Betsy Graseck
Morgan Stanley
Hold
Price Target
$54 → $56
Upside
+20.18%
Chris Kotowski
Oppenheimer
Buy
Price Target
$54 → $55
Upside
+18.04%