HDFC Bank Limited (NSE:HDFCBANK)

HDFC Bank Stock Forecast

Stock Price Forecast

According to 42 analysts polled by S&P Global, HDFC Bank stock has a consensus rating of "Strong Buy" and an average price target of ₹960.12. The average 1-year stock price forecast is 18.20% higher than the current stock price, while the lowest is ₹830.00 (+2.18%) and the highest is ₹1,270 (+56.35%).

Price Target: ₹960.12 (+18.20%)

Analyst Consensus: Strong Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	₹830.00	₹960.12	₹947.00	₹1,270
Change	+2.18%	+18.20%	+16.58%	+56.35%

Analyst Ratings

The average analyst rating for HDFC Bank stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Chart

Rating	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26	Nov '26
Strong Buy	34	33	33	33	35	35
Buy	6	6	6	6	5	5
Hold	0	1	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	40	40	41	41	42	42

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Elara Securities No rating	Elara Securities	Buy Maintains ₹923.00	Buy	Maintains	₹923.00	+13.63%	Oct 19, 2026
Unknown Analyst Motilal Oswal No rating	Motilal Oswal	Buy Maintains ₹925.00	Buy	Maintains	₹925.00	+13.87%	Oct 5, 2026
Unknown Analyst Emkay Global Financial Services No rating	Emkay Global Financial Services	Buy Maintains ₹1,225	Buy	Maintains	₹1,225	+50.81%	Oct 5, 2026
Prakhar Sharma Jefferies	Jefferies	Buy Maintains ₹880.00	Buy	Maintains	₹880.00	+8.33%	Sep 1, 2026
Vishal Narnolia ICICI Securities	ICICI Securities	Buy Maintains ₹1,000 → ₹925.00	Buy	Maintains	₹1,000 → ₹925.00	+13.87%	Sep 1, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

1.99T

Decreased by -35.77%

from 3.10T

Revenue Next Year

2.30T

Increased by 15.53%

from 1.99T

EPS This Year

53.01

Increased by 7.58%

from 49.28

EPS Next Year

61.39

Increased by 15.80%

from 53.01

Fiscal Year	FY 2026	FY 2027
Period Ending	Mar 31, 2026	Mar 31, 2027
Revenue	3.10T	1.99T
Revenue Growth	84.18%	-35.77%
Gross Profit	108.49B	65.69B
Gross Margin	3.50%	3.30%
Operating Income	1.29T	1.23T
Net Income	760.26B	817.87B
EPS	49.28	53.01
EPS Growth	12.13%	7.58%
Forward PE	-	15.32
Dividend / Share	15.50	13.90
Dividend Growth	40.91%	-10.34%
No. Analysts	-	37

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

Revenue Forecast

Chart

Revenue	2027	2028	2029
High	2.1T
Avg	2.0T
Low	2.0T

Revenue Growth

Chart

Revenue Growth	2027	2028	2029
High	-32.9%
Avg	-35.8%
Low	-37.1%

EPS Forecast

Chart

EPS	2027	2028	2029
High	56.00
Avg	53.01
Low	51.20

EPS Growth

Chart

EPS Growth	2027	2028	2029
High	13.6%
Avg	7.6%
Low	3.9%

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: Oct 19, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

Data Sources Report a data error