Bank of America Corp Reaches Analyst Target Price
April 09, 2024 at 09:05 AM EDT
In recent trading, shares of Bank of America Corp (BAC) have crossed above the average analyst 12-month target price of $37.16, changing hands for $37.50/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..