Old National Bancorp (ONB)

Old National Bancorp Stock Forecast

Stock Price Forecast

The 11 analysts that cover Old National Bancorp stock have a consensus rating of "Buy" and an average price target of $26.55, which forecasts a 12.60% increase in the stock price over the next year. The lowest target is $24 and the highest is $30.

Price Target: $26.55 (+12.60%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$24	$26.55	$26	$30
Change	+1.78%	+12.60%	+10.26%	+27.23%

Analyst Ratings

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

Recommendation Trends

Rating	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	3	3	3	3	3	4
Buy	4	4	4	4	3	3
Hold	3	4	4	4	5	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	11	11	11	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Janet Lee TD Cowen	TD Cowen	Hold → Strong Buy Upgrades $27 → $30	Hold → Strong Buy	Upgrades	$27 → $30	+27.23%	Jan 22, 2026
Terry McEvoy Stephens & Co.	Stephens & Co.	Buy Maintains $27 → $28	Buy	Maintains	$27 → $28	+18.74%	Jan 22, 2026
Jon G. Arfstrom RBC Capital	RBC Capital	Hold Maintains $25 → $26	Hold	Maintains	$25 → $26	+10.26%	Jan 22, 2026
Janet Lee TD Cowen	TD Cowen	Hold Maintains $26 → $27	Hold	Maintains	$26 → $27	+14.50%	Jan 7, 2026
Nicholas Holowko UBS	UBS	Hold Initiates $25	Hold	Initiates	$25	+6.02%	Dec 15, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.94B

Increased by 27.71%

from 2.30B

Revenue Next Year

3.08B

Increased by 4.90%

from 2.94B

EPS This Year

2.65

Increased by 47.88%

from 1.79

EPS Next Year

2.91

Increased by 10.09%

from 2.65

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	833.47M	1.57B	1.76B	1.76B	2.30B	2.94B	3.08B
Revenue Growth	7.73%	88.60%	12.11%	-0.04%	30.60%	27.71%	4.90%
EPS	1.67	1.50	1.94	1.68	1.79	2.65	2.91
EPS Growth	22.79%	-10.18%	29.33%	-13.40%	6.55%	47.88%	10.09%
Forward PE	-	-	-	-	-	8.91	8.09
No. Analysts	-	-	-	-	-	14	11

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

Revenue Forecast

Revenue	2026	2027
High	3.1B	3.2B
Avg	2.9B	3.1B
Low	2.8B	2.9B

Revenue Growth

Revenue Growth	2026	2027
High	34.0%	10.2%
Avg	27.7%	4.9%
Low	22.8%	0.1%

EPS Forecast

EPS	2026	2027
High	2.81	3.17
Avg	2.65	2.91
Low	2.51	2.68

EPS Growth

EPS Growth	2026	2027
High	57.2%	19.7%
Avg	47.9%	10.1%
Low	40.2%	1.1%

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.