On January 6, 2026, analysts at two major financial firms upgraded their price targets for Bank of America (BAC).
JPMorgan Chase & Co. raised its target to $61.00, up from $58.00. The firm maintained an "overweight" rating on the stock. This new target suggests a 6.79% potential upside from the stock's price at the time of the report.
Truist Securities separately raised its price target on BAC to $62.00, also moving up from $58.00. Truist maintained its 'Buy' rating for the financial services provider.
These adjustments reflect positive sentiment regarding the company’s financial prospects.