HDFC Bank (HDB) Stock Forecast & Price Target

Q: What analysts cover HDFC Bank?

HDFC Bank has been rated by research analysts at HSBC , The Goldman Sachs Group , Weiss Ratings , and Zacks Research in the past 90 days.

$22.73 -0.35 (-1.52%)

As of 08/31/2026 03:58 PM Eastern

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HDFC Bank - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 4 Analyst Ratings

Sell
0

Hold
3

Buy
1

Based on 4 Wall Street analysts who have issued ratings for HDFC Bank in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 3 have given a hold rating, and 1 has given a buy rating for HDB.

Consensus Price Target

N/A

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.

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HDB Analyst Ratings Over Time

Type	Current Forecast 9/1/25 to 9/1/26	1 Month Ago 8/2/25 to 8/2/26	3 Months Ago 6/3/25 to 6/3/26	1 Year Ago 9/1/24 to 9/1/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Hold	Hold	Reduce	Hold

HDB 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.

HDB 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.

HDFC Bank Stock vs. The Competition

Type	HDFC Bank	Finance Companies	Broader Market
Consensus Rating Score	2.25	2.27	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	N/A	28.38% Upside	13.78% Upside
News Sentiment Rating	Neutral News See Recent HDB News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Action	Rating
8/31/2026	HSBC 2 of 5 stars	Downgrade	Buy ➝ Hold
8/21/2026	The Goldman Sachs Group 3 of 5 stars	Initiated Coverage	Buy
7/20/2026	Weiss Ratings 5 of 5 stars	Upgrade	Sell (D+) ➝ Hold (C-)
7/17/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Upgrade	Strong Sell ➝ Hold
1/23/2025	Nomura Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Upgrade	Neutral ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:04 AM ET.

Should I Buy HDFC Bank Stock? HDB Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, August 29, 2026. Please send any questions or comments about these HDFC Bank pros and cons to contact@marketbeat.com.

HDFC Bank
Bull Case

Here are some ways that investors could benefit from investing in HDFC Bank Limited:

The bank recently reported earnings per share (EPS) of $0.40, exceeding analysts' expectations, which indicates strong financial performance and potential for growth.
HDFC Bank Limited has a robust revenue stream, with reported revenues significantly surpassing analyst estimates, showcasing its operational efficiency and market demand.
The current stock price is around $24, which may present a buying opportunity for investors looking for value in a leading private sector bank.
With a net margin of nearly 16%, the bank demonstrates effective cost management and profitability, which can lead to higher returns for shareholders.
Institutional investors have shown increased confidence in HDFC Bank Limited, with several large firms significantly raising their stakes, indicating strong market sentiment.

HDFC Bank
Bear Case

Investors should be bearish about investing in HDFC Bank Limited for these reasons:

The bank's P/E ratio of 13.88 suggests that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
Despite recent growth, the bank's return on equity of 11.84% may not be competitive compared to other financial institutions, raising concerns about its efficiency in generating profits from shareholders' equity.
Market volatility and economic uncertainties could impact the bank's performance, making it a riskier investment in the current climate.
HDFC Bank Limited's stock has shown fluctuations, with a 12-month high of $38.01 and a low of $22.66, indicating potential instability in its market performance.
Institutional ownership stands at 17.61%, which, while significant, may suggest that there is still room for retail investors to be cautious about the stock's future performance.

HDB Forecast - Frequently Asked Questions

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for HDFC Bank in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HDB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HDB, but not buy additional shares or sell existing shares.

According to analysts, HDFC Bank's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.

Over the previous 90 days, HDFC Bank's stock had 2 upgrades and 2 downgrades by analysts.

HDFC Bank has been rated by research analysts at HSBC, The Goldman Sachs Group, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like HDFC Bank less than other "finance" companies. The consensus rating score for HDFC Bank is 2.25 while the average consensus rating score for "finance" companies is 2.27. Learn more on how HDB compares to other companies.

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Brokerages With HDFC Bank Recommendations

MarketBeat monitors more than a dozen sources for HDFC Bank analyst ratings, with the most recent rating issued on 8/31/2026.

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HDFC Bank (HDB) Stock Forecast & Price Target