Should I Buy INDB? INDB 2026 Analysis

Should You Buy Independent Bank Corp (Massachusetts) (INDB) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

80.530

1 Day change

1.23%

52 Week Range

80.980

Analysis Updated At

2026/01/29

Independent Bank Corp (INDB) is a good buy for a beginner, long-term investor with $50,000-$100,000 available for investment. The company has demonstrated strong financial performance in the latest quarter, with significant revenue and net income growth. Despite hedge fund selling, the stock's technical indicators are bullish, and analysts have raised their price targets, reflecting confidence in the stock's future performance.

Technical Analysis

The stock is showing bullish momentum with MACD histogram at 0.371 (positively expanding), RSI at 70.365 (neutral zone), and moving averages in a bullish alignment (SMA_5 > SMA_20 > SMA_200). The stock has broken above key resistance levels, with R2 at 82.152 and the current price at 82, indicating continued upward momentum.

Options Data

Bearish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Technical Summary

Sell

Buy

Positive Catalysts

Strong financial performance in Q4 2025, with revenue up 44.43% YoY and net income up 50.57% YoY.
Analysts have raised price targets, with Keefe Bruyette increasing the target to $96 and maintaining an Outperform rating.
Bullish technical indicators suggest continued upward price movement.

Neutral/Negative Catalysts

Hedge funds are selling, with a 496.52% increase in selling activity over the last quarter.
Elevated commercial real estate concentration and merger integration could pose a headwind for loan growth, as noted by Barclays.

Financial Performance

In Q4 2025, Independent Bank Corp reported revenue of $240.3 million, a 44.43% YoY increase. Net income rose to $75.3 million, up 50.57% YoY, and EPS increased to $1.52, up 28.81% YoY. The company exceeded expectations with a Non-GAAP EPS of $1.70 and revenue of $253.93 million.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Analysts are generally positive on the stock. Keefe Bruyette raised the price target to $96 from $83 and maintained an Outperform rating. Barclays initiated coverage with an Equal Weight rating and a $80 price target, citing both positive tailwinds and potential headwinds from commercial real estate exposure.

4 Analyst Rating

Wall Street analysts forecast INDB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INDB is 80.75 USD with a low forecast of 76 USD and a high forecast of 84 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

2 Hold

0 Sell

Moderate Buy

Current: 79.550

Low

Averages

80.75

High

Current: 79.550

Low

Averages

80.75

High

Keefe Bruyette

NULL -> Outperform

maintain

$83 -> $96

AI Analysis

2026-01-26

New

Reason

Keefe Bruyette

Price Target

$83 -> $96

AI Analysis

2026-01-26

New

maintain

NULL -> Outperform

Reason

Keefe Bruyette raised the firm's price target on Independent Bank to $96 from $83 and keeps an Outperform rating on the shares.

Barclays

Equal Weight

initiated

$80

2025-12-17

Reason

Barclays

Price Target

$80

2025-12-17

initiated

Equal Weight

Reason

Barclays initiated coverage of Independent Bank with an Equal Weight rating and $80 price target. Independent has better tailwinds from fixed rate asset repricing than most banks, but its elevated commercial real estate concentration and merger integration could be a headwind for loan growth in the near term, the analyst tells investors in a research note.

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INDB Should I Buy

INDB Should I Buy

Should You Buy Independent Bank Corp (Massachusetts) (INDB) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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