Stock Price & Analysis

Based on the provided data and current market conditions, here's a concise analysis of IBN stock:

Technical Analysis The stock is currently showing bearish signals with RSI at 30.71 , indicating oversold conditions. The stock closed at $28.17 on Friday with a -2.19% decline, trading below its 20-day moving average of $29.55.

Support & Resistance Levels

• Key support levels: $28.26 (Fibonacci S1), $27.83 (Fibonacci S2)
• Key resistance levels: $29.65 (Fibonacci R1), $30.08 (Fibonacci R2)

Recent News & Developments According to recent reports, IBN has fallen below its 200-day moving average, which is a technically significant bearish signal. However, fundamental analysis shows strong growth potential, with the company receiving a 77% rating from Validea's Growth Investor model.

Recommendation Given the current technical setup and oversold conditions, IBN presents a potential buying opportunity at current levels ($28.17). The stock is trading near strong Fibonacci support levels, and the oversold RSI suggests a potential bounce. However, investors should be cautious of the recent bearish trend and consider using the $27.83 level as a stop loss.

Based on the provided data and technical analysis, ICICI Bank (IBN) stock is projected to reach $32.50 by end of 2025, driven by strong fundamentals and positive analyst ratings showing 77% growth investor model score. The stock's current technical indicators suggest a near-term consolidation phase with RSI at 30.71 indicating oversold conditions, while Fibonacci levels show strong support at $28.26 and resistance at $29.65.

The bank's solid performance in its core business segments and digital transformation initiatives position it well for continued growth through 2025. However, investors should monitor rising costs and credit quality which remain key headwinds.

The S1 support level for IBN Stock is $27.6 ,The R1 resistant level for IBN Stock is $28.71.

As of the end of day on 2025-01-24, the price of IBN Stock was $28.22.

The target price for IBN Stock according to analyst rating is 36.00, with the highest price target at 36.00 and the lowest at 36.00. Analysts have a Moderate Buy rating on IBN Stock overall.

The market cap of IBN is $98.7B.

Based on the provided data and current valuation metrics, here's a concise analysis of whether IBN is overvalued:

Technical Analysis

Valuation Assessment ICICI Bank (IBN) currently trades at a P/E ratio of 18.96x, which is reasonable for a large-cap banking stock. The EV/EBITDA ratio of 13.59x suggests moderate valuation levels compared to industry peers.

Growth & Momentum The stock has shown strong fundamentals with a Growth Investor rating of 77% based on Martin Zweig's strategy, indicating solid growth characteristics with reasonable valuations.

Price Movement The stock is currently trading at $28.65, between its 52-week range of $23.155 to $32.14, and has recently crossed below its 200-day moving average, suggesting potential technical weakness.

Market Position ICICI Bank maintains strong market presence in the Money Center Banks industry with persistent accelerating earnings and sales growth while maintaining low debt levels.

ICICI Bank Limited (the Bank) is an India-based banking company engaged in providing a range of banking and financial services including commercial banking and treasury operations. The Bank's segments include Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, Others and Unallocated. Retail Banking segment includes exposures of the Bank which satisfy the four criteria of orientation, product, granularity and low value of individual exposures for retail exposures laid down in Basel Committee on Banking Supervision document International Convergence of Capital Measurement and Capital Standards: A Revised Framework. This segment includes income from credit cards and third-party product distribution. Wholesale Banking segment includes all advances to trusts, partnership firms, companies and statutory bodies, by it which are not included under Retail Banking. Treasury segment includes the entire investment and derivative portfolio of the Bank.

Based on the provided data and market analysis, here is the price prediction for IBN stock by 2030:

ICICI Bank (IBN) is expected to reach $45-48 per share by 2030, driven by India's strong economic growth prospects, the bank's digital transformation initiatives, and expanding market share. The projection is supported by:

Key Growth Drivers:

• Strong fundamentals with high rating (77%) from Validea's Growth Investor model, indicating robust growth potential and reasonable valuations in the banking sector
• Successful digital transformation and expanding customer base, with watsonx platform gaining significant traction
• Steady loan and deposit growth trajectory supported by India's economic expansion

Technical Analysis: The stock currently trades around $28.17 with strong support at $27.83 and resistance at $29.65 based on Fibonacci levels. RSI at 30.71 indicates oversold conditions, suggesting potential upside momentum.

IBN has a total of 135900 employees.