INDB Similar Chart Price Prediction
The price of INDB is predicted to go up -17.89%, based on the high correlation periods with TTNP. The similarity of these two price pattern on the periods is 92.64%.
INDB
TTNP
Down: -17.89%Similarity: 92.64%
INDB Revenue Forecast
INDB EPS Forecast
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INDB Analyst's Forecast
Steve Moss
Raymond James
Strong Buy
2025-01-21
Price Target
$74 → $78
Upside
+14.37%
Raymond James raised the firm's price target on Independent Bank to $78 from $74 and keeps a Strong Buy rating on the shares. Credit stabilized, and Independent Bank has a path forward to materially lower non-performing assets with minimal incremental provision expense given existing specific reserves and pending short sales, while the net interest margin outlook is positive and appears conservative, the analyst tells investors in a research note. The firm views the results and guidance positively and likes the direction that management is leading the company.
Steve Moss
Raymond James
Hold → Strong Buy
2024-10-21
Price Target
$74
Upside
+18.65%
