Independent Bank Corp. (INDB)
NASDAQ: INDB · Real-Time Price · USD
67.90
-1.61 (-2.32%)
Feb 21, 2025, 4:00 PM EST - Market closed
Independent Bank Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Independent Bank stock have an average target of 74.33, with a low estimate of 65 and a high estimate of 80. The average target predicts an increase of 9.47% from the current stock price of 67.90.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jan 21, 2025.
Analyst Ratings
The average analyst rating for Independent Bank stock from 3 stock analysts 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 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $82 → $80 | Hold | Maintains | $82 → $80 | +17.82% | Jan 21, 2025 |
| Raymond James | Raymond James | Strong Buy Reiterates $74 → $78 | Strong Buy | Reiterates | $74 → $78 | +14.87% | Jan 21, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $77 → $82 | Hold | Maintains | $77 → $82 | +20.77% | Dec 12, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $65 → $77 | Hold | Maintains | $65 → $77 | +13.40% | Dec 4, 2024 |
| Raymond James | Raymond James | Hold → Strong Buy Upgrades $74 | Hold → Strong Buy | Upgrades | $74 | +8.98% | Oct 21, 2024 |
Financial Forecast
Revenue This Year
821.31M
Revenue Next Year
1.05B
from 821.31M
Increased by 27.97%
EPS This Year
5.44
from 4.52
Increased by 20.40%
EPS Next Year
7.00
from 5.44
Increased by 28.58%
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 863.1M | 1.1B |
| Avg | 821.3M | 1.1B |
| Low | 772.6M | 1.0B |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | - | 32.5% |
| Avg | - | 28.0% |
| Low | - | 22.2% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | 5.72 | 7.53 |
| Avg | 5.44 | 7.00 |
| Low | 5.05 | 6.04 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | 26.6% | 38.3% |
| Avg | 20.4% | 28.6% |
| Low | 11.7% | 10.9% |
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.