Financial services firm Keefe Bruyette has revised its price target for Old National Bancorp (ONB, Financial), reducing it from $28 to $26. Despite this adjustment, the firm maintains its Outperform rating on the bank's stock. The analyst emphasizes Old National's standing as a leading choice due to its robust balance sheet and superior profitability compared to its peers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Old National Bancorp (ONB, Financial) is $25.33 with a high estimate of $30.00 and a low estimate of $23.00. The average target implies an upside of 27.11% from the current price of $19.93. More detailed estimate data can be found on the Old National Bancorp (ONB) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Old National Bancorp's (ONB, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Old National Bancorp (ONB, Financial) in one year is $24.58, suggesting a upside of 23.33% from the current price of $19.93. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Old National Bancorp (ONB) Summary page.
