Key Takeaways for Investors:
- HDFC Bank (HDB, Financial) is a preferred investment among billionaires, credited to its solid financial performance.
- Analysts project an average price target with a potential upside of 12.35% for HDFC Bank.
- The stock holds a "Buy" status backed by favorable brokerage recommendations.
HDFC Bank (HDB), a prominent player in the Indian banking sector, continues to capture the attention of top-tier investors. With robust financial results, the bank reported a net revenue of ₹652.8 billion and a profit after tax of ₹176.6 billion in the last quarter. The earnings per share (EPS) stood at ₹23.1, reinforcing investor confidence.
Wall Street Analysts Forecast
According to the outlook provided by four analysts, the one-year price target for HDFC Bank Ltd (HDB, Financial) averages at $75.70. This estimate spans from a high of $77.00 to a low of $74.00, reflecting a potential upside of 12.35% from the current trading price of $67.38. For a deeper dive into these analytics, refer to the HDFC Bank Ltd (HDB) Forecast page.
Brokerage Recommendations
The consensus from four brokerage firms positions HDFC Bank Ltd's (HDB, Financial) stock with an average recommendation of 1.5, which translates to a "Buy" rating. This recommendation scale ranges from 1 to 5, where 1 is a Strong Buy and 5 a Sell, indicating overall positive sentiment among analysts.
GuruFocus Valuation Insights
In accordance with GuruFocus estimates, the projected GF Value for HDFC Bank Ltd (HDB, Financial) over the next year is $73.28. This valuation suggests a potential upside of 8.76% from the current price of $67.38. The GF Value is a key metric, determined by the stock's historical trading multiples, and anticipates future business growth and performance. For further details, explore the HDFC Bank Ltd (HDB) Summary page.
