Horizon Bancorp, Inc. (HBNC)

Horizon Bancorp Stock Forecast

Stock Price Forecast

The 4 analysts that cover Horizon Bancorp stock have a consensus rating of "Buy" and an average price target of $20.25, which forecasts a 24.92% increase in the stock price over the next year. The lowest target is $18 and the highest is $22.

Price Target: $20.25 (+24.92%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$18	$20.25	$21	$22
Change	+11.04%	+24.92%	+29.55%	+35.72%

Analyst Ratings

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

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	0	0	0	0	0	0
Buy	2	2	2	2	2	3
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Brandon Rud Stephens & Co.	Stephens & Co.	Buy Initiates $20	Buy	Initiates	$20	+23.38%	Mar 27, 2026
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Buy Maintains $19 → $21	Buy	Maintains	$19 → $21	+29.55%	Jan 23, 2026
Terry McEvoy Stephens & Co.	Stephens & Co.	Buy Maintains $19 → $22	Buy	Maintains	$19 → $22	+35.72%	Sep 2, 2025
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold → Buy Upgrades $18 → $19	Hold → Buy	Upgrades	$18 → $19	+17.21%	Aug 26, 2025
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $17 → $18	Hold	Maintains	$17 → $18	+11.04%	Jul 28, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

312.63M

from -28.86M

Revenue Next Year

328.23M

Increased by 4.99%

from 312.63M

EPS This Year

2.09

from -3.24

EPS Next Year

2.23

Increased by 6.90%

from 2.09

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	232.48M	248.14M	185.28M	186.19M	-28.86M	312.63M	328.23M
Revenue Growth	11.45%	6.74%	-25.33%	0.49%	-	-	4.99%
EPS	1.98	2.14	0.64	0.80	-3.24	2.09	2.23
EPS Growth	27.74%	8.08%	-70.09%	25.00%	-	-	6.90%
Forward PE	-	-	-	-	-	7.75	7.25
No. Analysts	-	-	-	-	-	8	8

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	325.0M	344.0M
Avg	312.6M	328.2M
Low	296.1M	310.3M

Revenue Growth

Revenue Growth	2026	2027
High	-	10.0%
Avg	-	5.0%
Low	-	-0.8%

EPS Forecast

EPS	2026	2027
High	2.21	2.36
Avg	2.09	2.23
Low	1.98	2.07

EPS Growth

EPS Growth	2026	2027
High	-	13.0%
Avg	-	6.9%
Low	-	-1.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.