One of the top private sector banks in India, ICICI Bank has a significant position in the nation’s financial services industry. Its share price is influenced by market factors and changes in the economy, just like any other publicly traded firm. Projections of share price targets can be a useful tool in making investment decisions because investors are continuously looking for information about the direction that the stock price of ICICI Bank will go in the future.
We shall examine the share price target for ICICI Bank from 2023 to 2030 in this article. We’ll look at the variables that could affect the bank’s performance and provide some perspective on the stock price’s possible future course. We aim to provide readers a better understanding of by delving into the basics and researching market trends.
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ICICI BANK IN RECENT NEWS
- ICICI Securities aims to increase its wealth team twofold and target assets worth $60 billion.
ICICI BANK SHARE PRICE TARGET 2023
|ICICI BANK SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
The maximum share price target for 2023 is ₹1,581.00, which is expected to occur in December 2023. On the other hand, the minimum share price target for 2023 is ₹623.19, which is expected to occur in May 2023. This wide range between the maximum and minimum price targets indicates that ICICI Bank’s share price could experience significant fluctuations throughout the year.
Investors will need to closely monitor the bank’s financial performance, market trends, and economic indicators to make informed investment decisions. While there may be some risks associated with investing in ICICI Bank, there is also potential for significant returns if the bank is able to meet or exceed market expectations.
ICICI BANK SHARE PRICE TARGET 2024
|ICICI BANK SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
The projected maximum share price for ICICI Bank in January 2024 is ₹1,664.21, while the minimum share price is ₹1,037.03. In February 2024, the maximum share price is expected to be ₹1,869.90, and the minimum share price is expected to be ₹1,558.25. The trend continues in March 2024, with a projected maximum share price of ₹1,968.31 and a minimum share price of ₹1,600.25.
The projected maximum and minimum share prices for ICICI Bank continue to fluctuate throughout the year. The maximum share price is expected to reach its peak in December 2024 at ₹2,213.47, while the minimum share price is expected to be ₹1,702.67. The overall trend suggests that ICICI Bank’s share price will experience growth in 2024, with a significant increase in the last quarter of the year. However, it is essential to note that these are projections and subject to various external factors such as market conditions, global events, and economic policies.
ICICI BANK SHARE PRICE TARGET 2025
|ICICI BANK SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
The ICICI Bank share price target for 2025 can be predicted as follows. In January 2025, the maximum share price target is ₹2,257.74 and the minimum share price target is ₹1,736.72. In February 2025, the maximum share price target is ₹2,376.56 and the minimum share price target is ₹1,828.13. In March 2025, the maximum share price target is ₹2,495.39 and the minimum share price target is ₹1,919.53. The trend continues for the rest of the months, with the maximum share price target reaching ₹2,684.97 in December 2025 and the minimum share price target being ₹2,065.36 in the same month.
ICICI BANK SHARE PRICE TARGET 2026 TO 2030
|ICICI BANK SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
In 2026, the maximum target price is ₹1,879.48 and the minimum target price is ₹1,315.63. Moving forward to 2027, the maximum target price drops to ₹1,597.56 while the minimum target price falls to ₹1,118.29. In 2028, the maximum target price jumps significantly to ₹2,875.60 while the minimum target price also increases to ₹2,012.92. The year 2029 shows a considerable increase in the maximum target price to ₹5,906.93 while the minimum target price also rises to ₹4,134.85. Finally, in 2030, the maximum target price for ICICI Bank is projected to be ₹6,578.17 while the minimum target price is expected to be ₹4,604.72.
FINANCIAL STRENGTH OF ICICI BANK (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||-2.27||7.61||14.07||10.37||4.91|
|Provisions & Contingencies||17,434.09||22,041.76||22,377.21||22,180.92||19,851.88|
|Provisions & Contingencies Growth (%)||-20.90||-1.50||0.88||11.73||4.20|
|Profit after Tax (PAT)||25,110.10||18,384.32||9,566.31||4,254.24||7,712.19|
|PAT Growth (%)||27.52||80.12||97.31||-37.48||-19.76|
|Net Interest Margin (%)||3.09||2.95||2.91||2.64||2.48|
|Net Profit Margin (%)||26.31||20.61||11.27||5.91||12.40|
|Basic EPS (₹)||36.21||27.26||14.81||6.61||12.02|
Looking at ICICI Bank’s financial statements from the last five years, the company has experienced both ups and downs. While the total income growth percentage was positive for four out of the five years, the company saw a decline in total income growth in FY 2022. The provisions and contingencies growth percentage also showed a decline in FY 2022, which may be a positive sign for the company’s future. However, the profit after tax (PAT) growth percentage showed a significant increase in FY 2022, indicating the company’s ability to generate profits. The net interest margin and net profit margin percentages have also shown a positive trend over the years. The basic EPS (₹) has consistently increased year after year. The company’s revenue growth has been fluctuating, while the profit growth has been mostly positive. Overall, ICICI Bank has shown a mixed bag of results in the past five years, with both maximum and minimum fluctuations in various financial parameters. However, the company’s ability to generate profits and maintain a positive EPS indicates a hopeful future for the bank.
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What is the maximum share price target of ICICI Bank in 2026?
The maximum share price target of ICICI Bank in 2026 is Rs. 1879.48
What is the maximum share price target of ICICI Bank in 2027?
The maximum share price target of ICICI Bank in 2027 is Rs. 1597.56
What is the maximum share price target of ICICI Bank in 2028?
The maximum share price target of ICICI Bank in 2028 is Rs. 2875.60
What is the maximum share price target of ICICI Bank in 2029?
The maximum share price target of ICICI Bank in 2029 is Rs. 5906.93
What is the maximum share price target of ICICI Bank in 2030?
The maximum share price target of ICICI Bank in 2030 is Rs. 6578.17
CONCLUSION: ICICI BANK SHARE PRICE TARGET
The corporation has had a mixed performance during the last five years, according to ICICI Bank’s financial statements. While the growth in overall income and revenue has been erratic, the growth in profits has been consistent. Also, the PAT has seen positive growth, which is favourable for investors. The higher-than-average provisions and contingencies, however, point to a risk issue for investors. ICICI Bank has kept up a strong net interest margin and net profit margin notwithstanding these swings.
Given all of these variables, it is challenging to say with certainty whether ICICI Bank shares are a smart investment. Before making any investment decisions, investors should carefully assess the company’s financial performance, growth potential, and market environment.