Barclays Hikes BofA (BAC) PT To $71 on Expectations of Sustained Earnings Momentum in 2026

21 hours ago 4

Maham Fatima

Thu, January 8, 2026 astatine 8:13 AM CST 2 min read

Bank of America Corporation (NYSE:BAC) is 1 of the most buzzing stocks to put successful according to hedge funds. On January 5, Barclays raised the firm’s terms people connected Bank of America to $71 from $59 portion maintaining an Overweight standing connected the shares. As portion of its 2026 assemblage forecast, Barclays updated its ratings and terms targets for large-cap banks. The steadfast anticipates that the momentum down 2025’s double-digit net maturation and superior banal show volition persist passim 2026.

On December 18, Truist besides raised the firm’s terms people connected Bank of America Corporation (NYSE:BAC) to $58 from $56 and keeps a Buy standing connected the shares. This sentiment was posted arsenic Truist broadly updated the firm’s fiscal exemplary pursuing caller absorption league appearances. The steadfast raised the FY27 EPS estimation to bespeak stronger gross maturation driven by higher fees, though these gains are partially tempered by projected increases successful expenses and taxation rates.

Barclays Hikes BofA (BAC) PT To $71 connected Expectations of Sustained Earnings Momentum successful 2026

However, Morgan Stanley chopped its terms people for Bank of America from $70 to $68 connected December 12 portion maintaining an Overweight rating. This accommodation accompanied a downward revision of net expectations, specifically cutting the Q4 EPS estimation by 4% and the 2027 forecast by 2.5%. These changes are driven by an anticipation of softer concern banking fees and accrued operating expenses, though the interaction is partially mitigated by a stronger outlook for equities trading revenue.

Bank of America Corporation (NYSE:BAC), done its subsidiaries, provides assorted fiscal products and services for idiosyncratic consumers, tiny and middle-market businesses, organization investors, ample corporations, and governments worldwide.

While we admit the imaginable of BAC arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.