Bank of America (BAC) Price Target Trimmed by $5, ‘Buy’ Rating Maintained

Bank of America Corporation (NYSE:BAC) is included among the 15 Best Blue Chip Stocks to Buy Now.

Bank of America (BAC) Price Target Trimmed by $5, 'Buy' Rating Maintained

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Bank of America Corporation (NYSE:BAC) is one of the world’s leading financial institutions, serving individuals, small- and middle-market businesses, large corporations, and governments with a full range of banking, investment management, and other financial and risk management products and services.

On April 7, UBS trimmed its price target on Bank of America Corporation (NYSE:BAC) from $67 to $62, but kept its ‘Buy’ rating on the shares. The revised target still indicates an upside potential of 18% from the current share price.

The update comes as UBS revised its targets in the large-cap banks and consumer finance group ahead of the Q1 earnings season. The firm stated that even after it lowered its expected rate cuts from two to one in 2026, its forecasts for 2026 and 2027 remain largely the same. According to the firm, the sector’s year-to-date selloff could create some opportunities, especially given the strong momentum in direct lending, capital markets, and deregulation for the industry.

Bank of America Corporation (NYSE:BAC) is targeting a growth of roughly 7% YoY in net interest income in Q1 2026. Meanwhile, the company expects its NII to grow by 5% to 7% for the full-year 2026, when compared to last year.

While we acknowledge the risk and potential of BAC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BAC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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