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.

$22.50 -0.68 (-2.91%)

As of 12:27 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 9/8/25 to 9/8/26	1 Month Ago 8/9/25 to 8/9/26	3 Months Ago 6/10/25 to 6/10/26	1 Year Ago 9/8/24 to 9/8/25
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	2.28	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	N/A	27.02% Upside	14.04% 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 12:27 PM 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 Sunday, September 6, 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:

HDFC Bank Limited recently reported strong financial performance, beating analyst expectations with earnings per share of $0.40 compared to a consensus estimate of $0.38, while also significantly exceeding revenue forecasts with $9.01 billion in revenue against an expected $5 billion, indicating robust operational growth and profitability.
The stock is currently trading at $23.18, which is near its fifty-two week low of $22.30, potentially offering a valuation entry point for investors given the company's recent earnings beat and the fact that the price is well below its fifty-two week high of $37.45.
Institutional investors are showing renewed interest in the company, with XY Capital Ltd increasing its position by 143.5% in the second quarter and Raiffeisen Bank International AG growing its stake by 999.2%, suggesting that professional investors are accumulating shares despite recent price declines.
The company offers a dividend yield of 1.46%, providing a steady income stream for investors, which is a notable feature for a bank that is also experiencing significant revenue growth and beating earnings estimates.
HDFC Bank Limited has a low beta of 0.63, indicating that the stock is less volatile than the overall market, which may appeal to investors seeking stability in their portfolio while still participating in the growth of a leading Indian private sector bank.

HDFC Bank
Bear Case

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

The company is facing a securities fraud class action lawsuit with a lead plaintiff deadline of October 13, 2026, which could result in legal expenses, damages, and reputational harm, as alleged by multiple law firms including Hagens Berman and Rosen Law Firm.
The stock has experienced a significant decline, trading at $23.18 which is down from its fifty-two week high of $37.45, and the 50-day moving average of $24.26 and 200-day moving average of $25.68 are both above the current price, indicating a bearish technical trend.
Short interest has been increasing, with shares shorted rising to 27,106,875 in the most recent period, representing a 15.08% month-to-month increase, which suggests that some investors are betting against the stock's future performance.
Several analysts have recently downgraded the stock, including Wall Street Zen lowering its rating from "hold" to "sell" and HSBC lowering its rating from "buy" to "hold," reflecting a cautious outlook on the company's future prospects.
Insider selling activity has been observed, with executives such as N Srinivasan and Ashish Parthasarthy selling shares in the first half of 2026, which may signal a lack of confidence in the stock's near-term upside from those closest to the company.

HDB Forecast - Frequently Asked Questions

4 Wall Street 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 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 2.28. 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