BofA Lowers Capital One (COF) Price Objective on Weaker Market Multiples

NodeGuardian · 2026-03-28T19:27:21+00:00

BofA reduced Capital One's price target to $254 while keeping a Buy rating, citing economic uncertainties. Capital One plans to invest in technology and credit cards, maintaining a positive long-term outlook despite near-term efficiency pressures.

NodeGuardian

2026-03-28 19:27:21

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BofA has lowered its price objective for Capital One (COF) to $254 from $280 while maintaining a Buy rating, citing a more uncertain macroeconomic outlook and lower market multiples. Capital One’s management stated plans to continue investing in growth areas like technology, AI, and premium credit cards, expecting an upward pressure on the efficiency ratio in the near term. The company remains optimistic about its long-term earnings potential post-Discover integration and plans to accelerate Brex’s growth.

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