Independent Bank Corp. (INDB)

Independent Bank Stock Forecast

Stock Price Forecast

The 4 analysts that cover Independent Bank stock have a consensus rating of "Hold" and an average price target of $74.5, which forecasts a -13.37% decrease in the stock price over the next year. The lowest target is $63 and the highest is $83.

Price Target: $74.5 (-13.37%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$63	$74.5	$80	$83
Change	-26.74%	-13.37%	-6.98%	-3.49%

* Price targets were last updated on Dec 17, 2025.

Analyst Ratings

The average analyst rating for Independent Bank stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	2	2	1	1	1	0
Buy	0	0	1	1	1	1
Hold	2	2	2	2	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	5	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jared Shaw Barclays	Barclays	Hold Initiates $80	Hold	Initiates	$80	-6.98%	Dec 17, 2025
David Konrad Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold → Buy Upgrades $80 → $83	Hold → Buy	Upgrades	$80 → $83	-3.49%	Oct 21, 2025
Christopher O'Connell Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $80 → $72	Hold	Maintains	$80 → $72	-16.28%	Apr 21, 2025
Mark Fitzgibbon Piper Sandler	Piper Sandler	Hold Maintains $74 → $63	Hold	Maintains	$74 → $63	-26.74%	Apr 21, 2025
Christopher O'Connell Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $82 → $80	Hold	Maintains	$82 → $80	-6.98%	Jan 21, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.05B

Increased by 33.07%

from 792.05M

Revenue Next Year

1.10B

Increased by 4.65%

from 1.05B

EPS This Year

7.42

Increased by 67.01%

from 4.44

EPS Next Year

8.35

Increased by 12.60%

from 7.42

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	489.07M	718.36M	707.88M	653.49M	792.05M	1.05B	1.10B
Revenue Growth	15.00%	46.88%	-1.46%	-7.68%	21.20%	33.07%	4.65%
EPS	3.47	5.69	5.42	4.52	4.44	7.42	8.35
EPS Growth	-4.68%	63.97%	-4.73%	-16.61%	-1.76%	67.01%	12.60%
Forward PE	-	-	-	-	-	11.60	10.30
No. Analysts	-	-	-	-	-	7	7

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

Revenue Forecast

Revenue	2026	2027
High	1.1B	1.1B
Avg	1.1B	1.1B
Low	1.0B	1.1B

Revenue Growth

Revenue Growth	2026	2027
High	37.1%	7.7%
Avg	33.1%	4.6%
Low	27.8%	0.5%

EPS Forecast

EPS	2026	2027
High	7.77	9.14
Avg	7.42	8.35
Low	6.92	7.64

EPS Growth

EPS Growth	2026	2027
High	75.0%	23.2%
Avg	67.0%	12.6%
Low	55.8%	3.1%

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.