First Internet Bancorp (INBK)
NASDAQ: INBK · IEX Real-Time Price · USD
27.96
+0.45 (1.64%)
Jul 2, 2024, 4:00 PM EDT - Market closed
First Internet Bancorp Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for INBK stock have an average target of 34.67, with a low estimate of 34 and a high estimate of 36. The average target predicts an increase of 24.00% from the current stock price of 27.96.
Analyst Consensus: Buy
* Price targets were last updated on Apr 29, 2024.
Analyst Ratings
The average analyst rating for INBK stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Maintains $35 → $34 | Hold | Maintains | $35 → $34 | +21.60% | Apr 29, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Reiterates $34 → $36 | Hold | Reiterates | $34 → $36 | +28.76% | Apr 26, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $29 → $34 | Hold | Maintains | $29 → $34 | +21.60% | Jan 26, 2024 |
| Craig-Hallum | Craig-Hallum | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Dec 18, 2023 |
| Piper Sandler | Piper Sandler | Hold Maintains $19 → $18 | Hold | Maintains | $19 → $18 | -35.62% | Oct 30, 2023 |
Financial Forecast
Revenue This Year
96.24M
from 84.38M
Increased by 14.06%
Revenue Next Year
113.55M
from 96.24M
Increased by 17.99%
EPS This Year
3.07
from 0.95
Increased by 222.92%
EPS Next Year
4.04
from 3.07
Increased by 31.79%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 102.4M | 121.8M |
| Avg | 96.2M | 113.6M |
| Low | 89.0M | 105.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 21.3% | 26.6% |
| Avg | 14.1% | 18.0% |
| Low | 5.5% | 9.8% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 3.35 | 4.41 |
| Avg | 3.07 | 4.04 |
| Low | 2.82 | 3.68 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 252.6% | 43.8% |
| Avg | 222.9% | 31.8% |
| Low | 197.1% | 19.9% |
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.