Bank of America Corporation (NYSE:BAC) is one of the 10 Most Undervalued American Stocks to Invest In.
On June 29, 2026, Morgan Stanley analyst Manan Gosalia raised the firm’s price target on Bank of America Corporation (NYSE:BAC) to $67 from $61 and kept an Overweight rating
Gosalia said that even after the bank group’s 17% quarter-to-date rally, Morgan Stanley remains positive on banks heading into earnings season as revenue momentum continues to build. On June 26, Truist analyst John McDonald raised the firm’s price target on Bank of America to $64 from $61 and kept a Buy rating as part of a broader note on Universal and Regional Banks. McDonald said the bank’s first sales and trading guide for the quarter was raised to “better than” 15% year-over-year in early June, supported by strong equities performance, particularly in APAC markets.
McDonald also noted that this was one factor pushing up expenses for the quarter. On June 23, Citi raised its price target on Bank of America to $66 from $62 and kept a Buy rating as part of a Q2 preview. Citi said Bank of America’s commentary at recent conferences has been constructive and sees upside to Q2 estimates from stronger banking and trading.