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Independent Bank (INDB) Stock Forecast & Price Target

$46.43
-0.53 (-1.13%)
(As of 06/21/2024 ET)

Independent Bank - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$60.00
29.23% Upside
High Forecast$60.00
Average Forecast$60.00
Low Forecast$60.00
TypeCurrent Forecast
6/24/23 to 6/23/24
1 Month Ago
5/25/23 to 5/24/24
3 Months Ago
3/26/23 to 3/25/24
1 Year Ago
6/24/22 to 6/24/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$60.00$60.00$64.00$84.00
Forecasted Upside29.23% Upside17.90% Upside6.28% Upside20.12% Upside
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INDB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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INDB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Independent Bank Stock vs. The Competition

TypeIndependent BankFinance CompaniesS&P 500
Consensus Rating Score
2.00
2.43
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside29.23% Upside64.30% Upside10.90% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/22/2024Keefe, Bruyette & Woods
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 Lower TargetMarket Perform ➝ Market Perform$64.00 ➝ $60.00+17.90%
10/23/2023Seaport Res Ptn
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L. Hunsicker
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UpgradeSell ➝ Neutral
3/14/2023Piper Sandler
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 Lower Target$83.00 ➝ $72.00+9.19%
12/20/2022Raymond James
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 Initiated CoverageMarket Perform
10/27/2022Compass Point
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 Lower Target$100.00+16.27%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 09:48 AM ET.

INDB Forecast - Frequently Asked Questions

What is Independent Bank's stock forecast and purchase recommendation?

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Independent Bank is $60.00, with a high forecast of $60.00 and a low forecast of $60.00. The consensus rating for Independent Bank stock is Hold based on the current 2 hold ratings for INDB. Learn more on INDB's analyst rating history.

Do Wall Street analysts like Independent Bank more than its competitors?

Analysts like Independent Bank less than other "finance" companies. The consensus rating score for Independent Bank is 2.00 while the average consensus rating score for "finance" companies is 2.43. Learn more on how INDB compares to other companies.

Does Independent Bank's stock price have much upside?

According to analysts, Independent Bank's stock has a predicted upside of 17.90% based on their 12-month stock forecasts.

What analysts cover Independent Bank?

Independent Bank has been rated by research analysts at Keefe, Bruyette & Woods in the past 90 days.


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This page (NASDAQ:INDB) was last updated on 6/23/2024 by MarketBeat.com Staff

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