Independent Bank Corp. (INDB)
NASDAQ: INDB · Real-Time Price · USD
72.62
+1.81 (2.55%)
Nov 21, 2024, 11:19 AM EST - Market open
Independent Bank Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Independent Bank stock have an average target of 68, with a low estimate of 65 and a high estimate of 74. The average target predicts a decrease of -6.36% from the current stock price of 72.62.
Analyst Consensus: Strong Buy
* Price targets were last updated on Oct 21, 2024.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 1 | 1 | 1 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Hold → Strong Buy Upgrades $74 | Hold → Strong Buy | Upgrades | $74 | +1.90% | Oct 21, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $62 → $65 | Hold | Maintains | $62 → $65 | -10.49% | Oct 21, 2024 |
| Seaport Global | Seaport Global | Hold → Strong Buy Upgrades $65 | Hold → Strong Buy | Upgrades | $65 | -10.49% | Jul 22, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $64 → $60 | Hold | Maintains | $64 → $60 | -17.38% | Apr 22, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $66 → $64 | Hold | Maintains | $66 → $64 | -11.87% | Jan 22, 2024 |
Financial Forecast
Revenue This Year
701.05M
Revenue Next Year
737.33M
from 701.05M
Increased by 5.18%
EPS This Year
4.60
from 5.42
Decreased by -15.22%
EPS Next Year
5.28
from 4.60
Increased by 14.82%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 723.0M | 764.1M | 843.4M |
| Avg | 701.1M | 737.3M | 809.0M |
| Low | 672.3M | 703.6M | 767.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 9.0% | 14.4% |
| Avg | - | 5.2% | 9.7% |
| Low | - | 0.4% | 4.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.79 | 5.63 | 6.62 |
| Avg | 4.60 | 5.28 | 6.35 |
| Low | 4.36 | 4.90 | 6.04 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -11.7% | 22.5% | 25.4% |
| Avg | -15.2% | 14.8% | 20.4% |
| Low | -19.5% | 6.6% | 14.4% |
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.