INDUS Holding AG Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, INDUS Holding AG stock has a consensus rating of "Buy" and an average price target of €36.83. The average 1-year stock price forecast is 39.77% higher than the current stock price, while the lowest is €32.00 (+21.44%) and the highest is €41.00 (+55.60%).

Price Target: €36.83 (+39.77%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	€32.00	€36.83	€37.50	€41.00
Change	+21.44%	+39.77%	+42.31%	+55.60%

* Price targets were last updated on May 13, 2026.

Analyst Ratings

The average analyst rating for INDUS Holding AG stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	3	3	3	3	3	3
Buy	2	2	2	2	2	2
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Felix Ellmann Warburg Research	Warburg Research	Buy Maintains €39.00 → €41.00	Buy	Maintains	€39.00 → €41.00	+55.60%	May 13, 2026
Sven Sauer Kepler Capital	Kepler Capital	Hold Maintains €32.00	Hold	Maintains	€32.00	+21.44%	May 12, 2026

Financial Forecast

Revenue This Year

1.91B

from 1.74B

9.80%

from 1.74B

Revenue Next Year

1.97B

from 1.91B

2.95%

from 1.91B

EPS This Year

3.65

from 2.77

31.89%

from 2.77

EPS Next Year

3.82

from 3.65

4.52%

from 3.65

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.64B	1.81B	1.81B	1.73B	1.74B	1.91B
Revenue Growth	4.63%	10.40%	0.01%	-4.54%	0.85%	9.80%
Gross Profit	902.04M	965.44M	989.30M	961.49M	986.32M	1.07B
Gross Margin	55.09%	53.41%	54.72%	55.71%	56.67%	56.20%
Operating Income	164.05M	171.79M	165.46M	125.82M	128.89M	158.39M
Net Income	46.81M	-42.24M	55.44M	53.71M	69.03M	84.89M
EPS	-	-	-	-	2.77	3.65
EPS Growth	-	-	-	-	33.82%	31.89%
Forward PE	11.23	11.16	7.30	7.07	8.50	7.21
Dividend / Share	1.05	0.80	1.20	1.20	1.30	1.44
Dividend Growth	-	-23.81%	50.00%	-	8.33%	10.69%
Free Cash Flow	92.09M	63.98M	190.27M	123.77M	62.36M	43.87M
No. Analysts	-	-	-	-	-	6

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.

Revenue Forecast

Revenue	2026	2027	2028
High	1.9B
Avg	1.9B
Low	1.9B

Revenue Growth

Revenue Growth	2026	2027	2028
High	11.8%
Avg	9.8%
Low	7.2%

EPS Forecast

EPS	2026	2027	2028
High	4.26
Avg	3.65
Low	2.91

EPS Growth

EPS Growth	2026	2027	2028
High	53.8%
Avg	31.9%
Low	5.1%