What is IBN stock price target for 2026?

WallStSmart's 12-month price target for ICICI Bank Limited is $24.97, representing 6.1% downside from the current price of $26.59.

What is IBN stock forecast?

ICICI Bank Limited forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

IBN

ICICI Bank Limited

NYSE: IBN · FINANCIAL SERVICES · BANKS - REGIONAL

$26.59

+0.11% today

Updated 2026-04-30

Market cap

$98.88B

P/E ratio

17.25

P/S ratio

0.05x

EPS (TTM)

$1.60

Dividend yield

0.90%

52W range

$25 – $34

Volume

6.5M

Market cap

$98.88B

P/E ratio

17.25

P/S ratio

0.05x

EPS (TTM)

$1.60

Dividend yield

0.90%

52W range

$25 – $34

Volume

6.5M

ICICI Bank Limited (IBN) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$26.59

Consensus

$36.81

+38.44%

2030 Target

$12,272.31

+46053.85%

DCF

—

Current price

$26.59

Analyst consensus

$36.81

+38.44%

2030 Target

$12,272.31

+46053.85%

Intrinsic (DCF)

—

12 analysts:

5 Buy4 Hold0 Sell

Management guidance

No specific CEO revenue targets or guidance found in available documents. Most recent data shows TTM revenue of 2.11T INR (as of Q3 FY26, Dec 2025) with 10.45% YoY growth. FY25 (ended Mar 31, 2025) showed 2.01T INR revenue with 40.52% growth driven by one-time factors. Management commentary focuses on strong lending growth, deposit stability, and technology investments but lacks forward guidance for 2026-2030 revenue targets.

Sources: Management guidance, analyst consensus, sector analysismedium confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$20,454.71

$3720.0B Rev × 20x P/S

Base case (2030)

$12,272.31

$3720.0B Rev × 12x P/S

Bear case (2030)

$8,182.40

$3720.0B Rev × 8x P/S

Financial forecast — research-backed

Metric	2024	2025	2026	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$2353.2B	$2945.9B	$3121.2B	$2620.0B	$2950.0B	$3320.0B	$3720.0B
Revenue growth	—	25.2%	6.0%	12.0%	12.6%	12.5%	12.0%
EPS	$1.46	$1.15	$1.55	$2.08	$2.35	$2.65	$2.98
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$8,643.38	$9,731.80	$10,953.40	$12,272.31

Catalysts & risks

Growth catalysts

+ India's high GDP growth trajectory (6-7% annually) driving loan demand and deposit growth

+ Digital banking expansion and fintech partnerships (Amazon Pay renewal, potential Apple Pay launch in India)

+ Low NPA ratios and strong asset quality vs peers enabling margin expansion

+ Consolidation of AIFs and optimization of group structure improving operational efficiency

Key risks

- Rs 23-crore gold loan fraud across 159 accounts suggests potential internal control gaps and regulatory scrutiny

- RBI-mandated provisions on agricultural loans creating earnings headwinds (Q3 FY26 profit down 4% YoY)

- Indian banking sector volatility and competitive pressure from HDFC Bank, Axis Bank, Kotak Mahindra Bank

- Currency fluctuations and global rate uncertainty impacting NII and deposit costs

- Recent 52-week decline of 25.9% reflects market concerns about valuation and growth deceleration

Methodology

ICICI Bank Limited's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 12 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.