Bank of America (BAC) is considered a cheap S&P 500 stock to invest in now, with TD Cowen raising its price target to $66 and HSBC upgrading it to Buy with a $50 price target. However, Wolfe Research downgraded BAC to Peer Perform. The bank is projected to have solid earnings and favorable trends in 2026.

Bank of America offers financial products globally, catering to individual consumers, businesses, investors, corporations, and governments. While BAC is seen as a good investment, some believe that certain AI stocks may offer better potential. Investors are encouraged to explore opportunities in undervalued AI stocks that could benefit from current market trends.

For more information on potential stock opportunities, check out articles on 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now on Insider Monkey’s website. Disclosure: None.

Read more at Yahoo Finance: TD Cowen Raises Bank of America (BAC) PT Citing Solid Earnings Outlook, Favorable Repricing Trends