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Old National Bancorp (ONB) Stock Forecast & Price Target

$18.57
+0.41 (+2.26%)
(As of 10:16 AM ET)

Old National Bancorp - 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

$19.13
2.99% Upside
High Forecast$22.00
Average Forecast$19.13
Low Forecast$16.00
TypeCurrent Forecast
7/16/23 to 7/15/24
1 Month Ago
6/16/23 to 6/15/24
3 Months Ago
4/17/23 to 4/16/24
1 Year Ago
7/16/22 to 7/16/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
3 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$19.13$19.00$18.71$19.90
Forecasted Upside2.99% Upside17.85% Upside16.81% Upside22.70% Upside
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ONB 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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ONB 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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Old National Bancorp Stock vs. The Competition

TypeOld National BancorpFinance CompaniesS&P 500
Consensus Rating Score
2.88
2.45
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside5.31% Upside55.32% Upside9.19% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/24/2024Barclays
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 Boost TargetOverweight ➝ Overweight$21.00 ➝ $22.00+30.72%
6/3/2024Hovde Group
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 Initiated CoverageOutperform$20.00+17.03%
4/9/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$18.00+7.46%
4/2/2024Keefe, Bruyette & Woods
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 Reiterated RatingOutperform ➝ Outperform$20.00+21.80%
1/24/2024Stephens
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 Lower TargetOverweight ➝ Overweight$22.00 ➝ $21.00+24.19%
1/24/2024UBS Group
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 Lower TargetBuy ➝ Buy$20.00 ➝ $19.00+12.36%
12/1/2023Citigroup
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 Initiated CoverageBuy$17.00+14.17%
10/27/2023Piper Sandler
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 Lower TargetOverweight ➝ Overweight$17.00 ➝ $16.00+18.43%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 10:41 AM ET.

ONB Forecast - Frequently Asked Questions

What is Old National Bancorp's forecast for 2024?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Old National Bancorp is $19.13, with a high forecast of $22.00 and a low forecast of $16.00.

Should I buy or sell Old National Bancorp stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Old National Bancorp in the last twelve months. There is currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ONB shares.

Does Old National Bancorp's stock price have much upside?

According to analysts, Old National Bancorp's stock has a predicted upside of 18.32% based on their 12-month stock forecasts.

What analysts cover Old National Bancorp?

Old National Bancorp has been rated by research analysts at Barclays, and Hovde Group in the past 90 days.

Do Wall Street analysts like Old National Bancorp more than its competitors?

Analysts like Old National Bancorp more than other "finance" companies. The consensus rating for Old National Bancorp is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how ONB compares to other companies.


This page (NASDAQ:ONB) was last updated on 7/15/2024 by MarketBeat.com Staff

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