In the latest quarter, 22 analysts provided ratings for Bank of America (NYSE:BAC), showcasing a mix of bullish and bearish perspectives.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

BullishSomewhat BullishIndifferentSomewhat BearishBearishTotal Ratings611500Last 30D331001M Ago230002M Ago012003M Ago14200

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $50.36, with a high estimate of $57.00 and a low estimate of $42.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 3.19%.

price target chart

Interpreting Analyst Ratings: A Closer Look

A clear picture of Bank of America's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

| Analyst | Analyst Firm | Action Taken | Rating |Current Price Target| Prior Price Target ||--------------------|-----------------------|---------------|---------------|--------------------|--------------------||Stephen Biggar |Argus Research |Lowers |Buy | $47.00|$53.00 ||Gerard Cassidy |RBC Capital |Lowers |Outperform | $45.00|$50.00 ||David Konrad |Keefe, Bruyette & Woods|Lowers |Outperform | $52.00|$55.00 ||Erika Najarian |UBS |Raises |Buy | $50.00|$46.00 ||Scott Siefers |Piper Sandler |Lowers |Neutral | $42.00|$45.00 ||John McDonald |Truist Securities |Lowers |Buy | $47.00|$50.00 ||Jason Goldberg |Barclays |Lowers |Overweight | $54.00|$58.00 ||Betsy Graseck |Morgan Stanley |Lowers |Overweight ...

Full story available on Benzinga.com