Independent Bank Corp. (INDB) Social Stream
INDEPENDENT BANK CORP (INDB) Price Targets From Analysts
The tables below show price targets and recommendations from analysts covering INDEPENDENT BANK CORP.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-12-13 | 2 | $92 | $88 | $90 | $63.38 | 42% |
| 2022-03-28 | 2 | $97 | $91 | $94 | $63.38 | 48.31% |
| 2022-07-22 | 1 | $85 | $85 | $85 | $63.38 | 34.11% |
| 2022-09-30 | 1 | $83 | $83 | $83 | $63.38 | 30.96% |
| 2022-10-21 | 1 | $87 | $87 | $87 | $63.38 | 37.27% |
| 2022-12-06 | 2 | $89 | $89 | $89 | $63.38 | 40.42% |
| 2022-12-13 | 2 | $100 | $89 | $94.5 | $63.38 | 49.1% |
| 2023-01-20 | 3 | $100 | $83 | $91.5 | $63.38 | 44.37% |
| 2023-03-14 | 3 | $100 | $72 | $86 | $63.38 | 35.69% |
| 2023-04-06 | 3 | $80 | $72 | $76 | $63.38 | 19.91% |
| 2023-04-21 | 3 | $80 | $65 | $72.5 | $63.38 | 14.39% |
| 2023-04-25 | 3 | $68 | $65 | $66.5 | $63.38 | 4.92% |
| 2023-08-31 | 4 | $68 | $55 | $61.5 | $63.38 | -2.97% |
| 2023-09-12 | 4 | $68 | $45 | $56 | $63.38 | -11.64% |
| 2023-09-25 | 4 | $68 | $45 | $55.666 | $63.38 | -12.17% |
| 2023-10-20 | 4 | $68 | $51 | $59.5 | $63.38 | -6.12% |
| 2023-12-11 | 4 | $68 | $60 | $64 | $63.38 | 0.98% |
| 2023-12-20 | 4 | $68 | $65 | $66.5 | $63.38 | 4.92% |
The Trend in the Analyst Price Target
INDB's average price target has moved down $11 over the prior 43 months.
Over the past 48 weeks, INDB's average upside potential has been 16.75%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-01-20 | 3 | 100 | 83 | 91.5 | 76.91 | 18.97% |
| 2023-03-14 | 3 | 100 | 72 | 86.0 | 68.12 | 26.25% |
| 2023-04-21 | 3 | 80 | 65 | 72.5 | 59.58 | 21.69% |
| 2023-06-26 | 3 | 68 | 55 | 61.5 | 45.79 | 34.31% |
| 2023-10-20 | 4 | 68 | 51 | 59.5 | 45.61 | 30.45% |
INDB Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 3 | 0 | 0 | 4 | 0 | 0 | 4 |
The Trend in the Broker Recommendations
INDB's average broker recommendation rating improved by 0 over the prior 26 weeks.
The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for INDB as an investment opportunity.
- INDEPENDENT BANK CORP's number of analysts covering the stock is greater than 143.14% of all US stocks.
- In the context of stocks in the mid market cap category, INDEPENDENT BANK CORP's variance in analysts' estimates is lower than -176.09% of them.
- In the context of Banking stocks, INDEPENDENT BANK CORP's average analyst price target is greater than 1784.35% of them.
- In terms of how INDEPENDENT BANK CORP fares relative to Financial Services stocks, note that its upside potential (average analyst target price relative to current price) is greater than 1348.34% of that group.
Stocks similar to INDEPENDENT BANK CORP in the Banking industry regarding analyst recommendations and price targets are SSB, HWC, and SBCF.
View All Top Stocks by Price Target
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