BofA Raises Uranium Price Forecast to $130/lb, Reiterates Cameco Buy
Hyperdash NewsCommoditiesBank of America has raised its 2027 uranium price forecast to $130 per pound. This new target represents a 52% increase from current spot prices. The bank cited tight supply and increasing investment in nuclear energy as reasons for its bullish outlook. BofA also reiterated its Buy rating for Cameco, a significant uranium producer.
This revised forecast signals continued strength in the uranium market. The projected price hike could benefit uranium miners and related exchange-traded funds. The sustained Buy rating on Cameco suggests BofA sees further upside for the company. Traders on Hyperdash have seen 
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