Wells Fargo analyst Mike Mayo raised the Bank of America (BAC) price target to $67. This adjustment signals an optimistic outlook for the bank’s future performance.
A July 6, 2026, report identifies the stock as undervalued. The Excess Returns model calculates an intrinsic value of $71.07 per share.
The bank maintained strong returns over the last three years. Robust earnings power supports a higher valuation despite potential regulatory risks. Bank of America will release second-quarter earnings on July 14.