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 , and Weiss Ratings in the past 90 days.

$25.99 +0.18 (+0.68%)

Closing price 11/10/2026 03:59 PM Eastern

Extended Trading

$26.01 +0.02 (+0.10%)

As of 11/10/2026 08:55 PM Eastern

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

Consensus Rating

Hold

Based on 4 Analyst Ratings

Sell
1

Hold
2

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, 1 has given a sell rating, 2 have given a hold rating, and 1 has given a buy rating for HDB.

Consensus Price Target

$26.10
0.44% Upside

According to the 4 analysts' twelve-month price targets for HDFC Bank, the average price target is $26.10. The highest price target for HDB is $26.10, while the lowest price target for HDB is $26.10. The average price target represents a forecasted upside of 0.44% from the current price of $25.99.

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 11/11/25 to 11/11/26	1 Month Ago 10/12/25 to 10/12/26	3 Months Ago 8/13/25 to 8/13/26	1 Year Ago 11/11/24 to 11/11/25
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)	1 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$26.10	$26.10	N/A	N/A
Forecasted Upside	0.44% Upside	15.82% Upside	N/A	N/A
Consensus Rating	Hold	Hold	Hold	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	2.00	2.27	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	0.44% Upside	32.58% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent HDB News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

Report Date

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Date	Brokerage	Action	Rating	Price Target	Report Date Upside/Downside
9/25/2026	Weiss Ratings 2 of 5 stars	Downgrade	Hold (C-) ➝ Sell (D+)
8/31/2026	HSBC 2 of 5 stars	Downgrade	Buy ➝ Hold	$30.80 ➝ $26.10	+13.13%
8/21/2026	The Goldman Sachs Group 3 of 5 stars	Initiated Coverage	Buy
7/17/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Upgrade	Strong Sell ➝ Hold
1/23/2025	Nomura Subscribe to MarketBeat All Access to unlock brokerage rankings	Upgrade	Neutral ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:37 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 Monday, November 9, 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:

Shareholders recently approved the CEO term for Anup Bagchi, providing leadership stability and allowing the market to shift its focus toward the bank's execution of its strategic plans.
The stock is currently trading at $25.84, which is below the consensus analyst price target of $26.10, suggesting potential for near-term upside as the stock recovers from its 52-week low of $21.36.
Unusually high options volume was recorded recently, with 6,116 call options purchased, a 531% increase over the typical volume, indicating strong speculative interest and bullish sentiment among traders.
The bank demonstrated strong financial performance in its latest earnings report, beating consensus estimates with $0.42 in earnings per share and generating $8.20 billion in revenue, which significantly exceeded the expected $4.95 billion.
Institutional investors are increasing their exposure to the company, with new positions acquired by Mirae Asset Global Investments and Pzena Investment Management, signaling confidence in the bank's long-term value.

HDFC Bank
Bear Case

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

Short interest in the stock has risen significantly, with shares shorted increasing to 38,695,622 as of October 2026, reflecting a growing number of investors betting on a price decline.
Several major financial institutions have recently downgraded the stock, including HSBC lowering its rating to "hold" and Weiss Ratings cutting its rating to "sell," indicating a lack of consensus on the stock's immediate growth potential.
Insiders have been selling shares, with N Srinivasan and Ashish Parthasarthy both executing sales of thousands of shares in the first half of 2026, which can be interpreted as a lack of confidence from those closest to the company.
The stock has experienced a prolonged period of weakness, hitting multiple 52-week lows throughout 2026, with the price falling from a high of $37.35 to the current level, indicating persistent downward pressure.
Some institutional investors are reducing their stakes, such as Sumitomo Mitsui Trust Group and ARGA Investment Management, which trimmed their holdings during the third quarter, suggesting a shift in institutional sentiment.

HDB Forecast - Frequently Asked Questions

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for HDFC Bank is $26.10, with a high forecast of $26.10 and a low forecast of $26.10.

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for HDFC Bank in the last twelve months. There is currently 1 sell rating, 2 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 upside of 0.44% based on their 12-month stock forecasts.

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

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

Analysts like HDFC Bank less than other "finance" companies. The consensus rating score for HDFC Bank is 2.00 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 9/25/2026.

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HDFC Bank (HDB) Stock Forecast & Price Target