Independent Bank Corp. (INDB)

Independent Bank Stock Forecast

Stock Price Forecast

According to 7 analysts polled by S&P Global, Independent Bank stock has a consensus rating of "Buy" and an average price target of $90.57. The average 1-year stock price forecast is 15.61% higher than the current stock price, while the lowest is $82 (+4.67%) and the highest is $97 (+23.82%).

Price Target: $90.57 (+15.61%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$82	$90.57	$94	$97
Change	+4.67%	+15.61%	+19.99%	+23.82%

Analyst Ratings

The average analyst rating for Independent Bank stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	1	1	0	0	0	0
Buy	1	1	1	1	2	3
Hold	3	3	2	3	3	1
Sell	0	0	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	5	5	4	5	6	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Feddie Strickland Hovde Group	Hovde Group	Buy Initiates $95	Buy	Initiates	$95	+21.27%	May 15, 2026
David Konrad Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Buy Maintains $96 → $94	Buy	Maintains	$96 → $94	+19.99%	Apr 20, 2026
Matt Breese Stephens & Co.	Stephens & Co.	Buy Initiates $88	Buy	Initiates	$88	+12.33%	Apr 16, 2026
Jared Shaw Barclays	Barclays	Sell Maintains $80 → $82	Sell	Maintains	$80 → $82	+4.67%	Apr 7, 2026
Justin Crowley Piper Sandler	Piper Sandler	Hold Initiates $86 → $84	Hold	Initiates	$86 → $84	+7.22%	Mar 16, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

1.07B

Increased by 34.71%

from 792.05M

Revenue Next Year

1.13B

Increased by 5.62%

from 1.07B

EPS This Year

7.44

Increased by 67.61%

from 4.44

EPS Next Year

8.50

Increased by 14.28%

from 7.44

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	1.07B	1.13B
Revenue Growth	15.00%	46.88%	-1.46%	-7.68%	21.20%	34.71%	5.62%
EPS	3.47	5.69	5.42	4.52	4.44	7.44	8.50
EPS Growth	-4.68%	63.97%	-4.73%	-16.61%	-1.76%	67.61%	14.28%
Forward PE	-	-	-	-	-	10.53	9.21
No. Analysts	-	-	-	-	-	8	8

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

Revenue Forecast

Revenue	2026	2027
High	1.1B	1.2B
Avg	1.1B	1.1B
Low	1.0B	1.1B

Revenue Growth

Revenue Growth	2026	2027
High	39.4%	10.2%
Avg	34.7%	5.6%
Low	28.9%	-0.1%

EPS Forecast

EPS	2026	2027	2028
High	7.82	9.03
Avg	7.44	8.50
Low	6.87	7.99

EPS Growth

EPS Growth	2026	2027	2028
High	76.2%	21.3%
Avg	67.6%	14.3%
Low	54.7%	7.3%

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.