Independent Bank Corp. (INDB) Social Stream
INDEPENDENT BANK CORP (INDB) Price Targets From Analysts
Use the tables below to see what analysts covering INDEPENDENT BANK CORP think about its future price and what recommendations they have for investors and traders.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-12-13 | 2 | $92 | $88 | $90 | $57.02 | 57.84% |
| 2022-03-28 | 2 | $97 | $91 | $94 | $57.02 | 64.85% |
| 2022-07-22 | 1 | $85 | $85 | $85 | $57.02 | 49.07% |
| 2022-09-30 | 1 | $83 | $83 | $83 | $57.02 | 45.56% |
| 2022-10-21 | 1 | $87 | $87 | $87 | $57.02 | 52.58% |
| 2022-12-06 | 2 | $89 | $89 | $89 | $57.02 | 56.09% |
| 2022-12-13 | 2 | $100 | $89 | $94.5 | $57.02 | 65.73% |
| 2023-01-20 | 3 | $100 | $83 | $91.5 | $57.02 | 60.47% |
| 2023-03-14 | 3 | $100 | $72 | $86 | $57.02 | 50.82% |
| 2023-04-06 | 3 | $80 | $72 | $76 | $57.02 | 33.29% |
| 2023-04-21 | 3 | $80 | $65 | $72.5 | $57.02 | 27.15% |
| 2023-04-25 | 3 | $68 | $65 | $66.5 | $57.02 | 16.63% |
| 2023-08-31 | 4 | $68 | $55 | $61.5 | $57.02 | 7.86% |
| 2023-09-12 | 4 | $68 | $45 | $56 | $57.02 | -1.79% |
| 2023-09-25 | 4 | $68 | $45 | $55.666 | $57.02 | -2.37% |
| 2023-10-20 | 4 | $68 | $51 | $59.5 | $57.02 | 4.35% |
The Trend in the Analyst Price Target
INDB's average price target has moved down $35.75 over the prior 28 months.
INDB reports an average of 15.82% for its upside potential over the past 45 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2022-12-13 | 2 | 100 | 89 | 94.5 | 84.94 | 11.26% |
| 2023-01-20 | 3 | 100 | 83 | 91.5 | 76.91 | 18.97% |
| 2023-03-14 | 3 | 100 | 72 | 86.0 | 68.12 | 26.25% |
| 2023-08-31 | 4 | 68 | 55 | 61.5 | 54.02 | 13.85% |
| 2023-09-12 | 4 | 68 | 45 | 56.0 | 52.25 | 7.18% |
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
Over the past 13 months, INDB's average broker recommendation rating improved by 0.
Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.
- INDEPENDENT BANK CORP's number of analysts covering the stock is greater than 118.71% of all US stocks.
- In terms of how INDEPENDENT BANK CORP fares relative to stocks in the mid market cap category, note that its variance in analysts' estimates is lower than -165.94% of that group.
- INDB has a higher average analyst price target than 1628.65% of Banking stocks.
- To contextualize these metrics, consider that out of Banking stocks, INDEPENDENT BANK CORP's upside potential (average analyst target price relative to current price) is higher than 1093.21% of them.
In the Banking industry, SSB, BPOP, and HWC are the three stocks most similar to INDEPENDENT BANK CORP regarding the price target and analyst recommendation information presented here.
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