Independent Bank Corp. (INDB)
NASDAQ: INDB · Real-Time Price · USD
68.20
+1.16 (1.73%)
Jan 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 8.99% from the current stock price of 68.20.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for INDB 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 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 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 | 1 | 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 | +17.30% | Jan 21, 2025 |
| Raymond James | Raymond James | Strong Buy Reiterates $74 → $78 | Strong Buy | Reiterates | $74 → $78 | +14.37% | Jan 21, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $77 → $82 | Hold | Maintains | $77 → $82 | +20.23% | Dec 12, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $65 → $77 | Hold | Maintains | $65 → $77 | +12.90% | Dec 4, 2024 |
| Raymond James | Raymond James | Hold → Strong Buy Upgrades $74 | Hold → Strong Buy | Upgrades | $74 | +8.50% | Oct 21, 2024 |
Financial Forecast
Revenue This Year
764.49M
Revenue Next Year
931.36M
from 764.49M
Increased by 21.83%
EPS This Year
5.38
from 4.52
Increased by 18.99%
EPS Next Year
6.81
from 5.38
Increased by 26.70%
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 820.0M | 1.1B |
| Avg | 764.5M | 931.4M |
| Low | 703.6M | 784.0M |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | - | 41.0% |
| Avg | - | 21.8% |
| Low | - | 2.6% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | 5.71 | 7.50 |
| Avg | 5.38 | 6.81 |
| Low | 4.90 | 6.04 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | 26.4% | 39.4% |
| Avg | 19.0% | 26.7% |
| Low | 8.4% | 12.3% |
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.