ICICI Bank Stock Forecast

Stock Price Forecast

According to 4 analysts polled by S&P Global, ICICI Bank stock has a consensus rating of "Strong Buy" and an average price target of $35.38. The average 1-year stock price forecast is 36.34% higher than the current stock price, while the lowest is $34 (+31.02%) and the highest is $37 (+42.58%).

Price Target: $35.38 (+36.34%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$34	$35.38	$35.25	$37
Change	+31.02%	+36.34%	+35.84%	+42.58%

Analyst Ratings

The average analyst rating for ICICI 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

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

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Lim Rui Wen DBS	DBS	Buy Maintains $34	Buy	Maintains	$34	+29.09%	May 13, 2026

Financial Forecast

Revenue This Year

1.35T

from 1.19T

13.81%

from 1.19T

Revenue Next Year

1.55T

from 1.35T

14.50%

from 1.35T

EPS This Year

79.01

from 69.20

14.18%

from 69.20

EPS Next Year

90.95

from 79.01

15.12%

from 79.01

Fiscal Year	FY 2026	FY 2027
Period Ending	Mar 31, 2026	Mar 31, 2027
Revenue	1.19T	1.35T
Revenue Growth	-42.19%	13.81%
Gross Profit	51.34B	57.56B
Gross Margin	4.32%	4.26%
Operating Income	715.99B	827.20B
Net Income	501.47B	565.79B
EPS	69.20	79.01
EPS Growth	5.02%	14.18%
Forward PE	-	31.32
No. Analysts	-	36

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

Revenue Forecast

Revenue	2027	2028	2029
High	1.4T
Avg	1.4T
Low	1.3T

Revenue Growth

Revenue Growth	2027	2028	2029
High	19.2%
Avg	13.8%
Low	8.8%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	79.01
Low	-

EPS Growth

EPS Growth	2027	2028	2029
High	-
Avg	14.2%
Low	-