Bank of America: 18% Upside Predicted by Analyst With 86% Accuracy Rate
Tuesday, Jan 21, 2025 7:33 am ET
3min read 
As an investor, you're always on the lookout for the next big opportunity. One stock that's caught my eye is Bank of America (BAC), thanks to an analyst with an impressive 86% accuracy rate predicting an 18% upside in the stock. Let's dive into the details and explore five stock picks from Wall Street's most accurate analysts.
Bank of America: Bullish Outlook
The analyst, with a proven track record, sees Bank of America stock surging by 18% in the near future. This prediction is based on several key factors:
1. Strong Earnings Growth: Bank of America is expected to report a 3.87% increase in earnings per share (EPS) in the next 12 months. This growth is supported by the average target price of $48.33, which predicts a 3.87% increase from the current stock price of $46.53.
2. Analyst Consensus: The consensus among analysts is to buy Bank of America stock, with an average rating of "Buy." This indicates that analysts believe the stock is likely to outperform the market over the next twelve months.
3. Revenue Growth: Bank of America is expected to experience revenue growth, with a 5.64% increase in revenue forecasted for the next year. This is supported by the revenue forecast for 2025, which ranges from $103.8B to $115.7B, with an average of $108.6B.
4. EPS Growth: Bank of America is also expected to see EPS growth, with a 15.50% increase forecasted for the next year. This is supported by the EPS forecast for 2025, which ranges from $3.40 to $4.19, with an average of $3.71.
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