Analysts cut HDFC Bank price target and raised it for ICICI Bank
According to TradingView, citing FactSet, HDFC Bank's average target fell to INR 972.44 while ICICI Bank's rose to $37 per share.
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what happened
Based on estimates from 43 analysts, HDFC Bank's average 12-month price target fell from INR 978.09 to INR 972.44 per share. Forecasts range from INR 750 to INR 1306. Measured against the October 16 closing price, the updated target implies roughly 33% potential upside.
For ICICI Bank, the average target from 45 analysts rose from $36.77 to $37. Forecasts range from $33.07 to $44.31 per share. Relative to the October 16 close, that implies about 23% potential upside.
The consensus rating for both banks remains Buy. HDFC Bank has 41 Buy ratings, 2 Holds and no Sells, while all 45 of ICICI Bank's ratings are Buys. TradingView published the data, with figures provided by FactSet.
why it matters
Target revisions of this size are routine and usually have little effect on the shares of large banks. The broader tone matters more: both banks are dominated by Buy ratings, which reflects analyst optimism about India's banking sector. Price targets remain analyst estimates, not a forecast of where the shares will trade.
tags
instruments
sources
- HDFC Bank Limited Stock 12‑Month Price Target Cut to INR 972.44, Implies 33% Upside — TradingView, 19 October 2026 at 10:20 UTC
- ICICI Bank Limited Stock 12‑Month Price Target Raised to $37, Implies 23% Upside — TradingView, 19 October 2026 at 10:20 UTC
- HDFC Bank Limited Stock 12‑Month Price Target Cut to $30.49, Implies 28% Upside — TradingView, 19 October 2026 at 13:20 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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