Independent Bank Corp. (INDB)
NASDAQ: INDB · Real-Time Price · USD
57.84
-0.52 (-0.89%)
Apr 25, 2025, 4:00 PM EDT - Market closed

Independent Bank Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Independent Bank stock have an average target of 69.5, with a low estimate of 63 and a high estimate of 78. The average target predicts an increase of 20.16% from the current stock price of 57.84.

Analyst Consensus: Buy
Target Low Average Median High
Price $63 $69.5 $72 $78
Change +8.92% +20.16% +24.48% +34.85%

Analyst Ratings

The average analyst rating for Independent Bank 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 Nov '24Dec '24Jan '25Feb '25Mar '25Apr '25
Strong Buy 222222
Buy 000000
Hold 111112
Sell 000000
Strong Sell 000000
Total 333334

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Hold
Maintains
$80$72
Hold Maintains $80$72 +24.48% Apr 21, 2025
Piper Sandler
Piper Sandler
Hold
Maintains
$74$63
Hold Maintains $74$63 +8.92% Apr 21, 2025
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Hold
Maintains
$82$80
Hold Maintains $82$80 +38.31% Jan 21, 2025
Raymond James
Raymond James
Strong Buy
Reiterates
$74$78
Strong Buy Reiterates $74$78 +34.85% Jan 21, 2025
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Hold
Maintains
$77$82
Hold Maintains $77$82 +41.77% Dec 12, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
821.31M
from 653.49M
Increased by 25.68%
Revenue Next Year
1.05B
from 821.31M
Increased by 27.97%
EPS This Year
5.43
from 4.52
Increased by 20.18%
EPS Next Year
7.00
from 5.43
Increased by 28.83%
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
425.26M489.07M718.36M707.88M653.49M821.31M1.05B
Revenue Growth
-15.19%15.00%46.88%-1.46%-7.68%25.68%27.97%
EPS
3.643.475.695.424.525.437.00
EPS Growth
-27.63%-4.68%63.97%-4.73%-16.61%20.18%28.83%
Forward PE
-----10.658.27
No. Analysts
-----66
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20252026
High 863.1M 1.1B
Avg 821.3M 1.1B
Low 772.7M 1.0B

Revenue Growth

Revenue Growth 20252026
High
32.1%
32.5%
Avg
25.7%
28.0%
Low
18.2%
22.4%

EPS Forecast

EPS 20252026
High 5.72 7.53
Avg 5.43 7.00
Low 5.05 6.04

EPS Growth

EPS Growth 20252026
High
26.6%
38.6%
Avg
20.2%
28.8%
Low
11.7%
11.1%
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.