One of India’s biggest public sector banks, State Bank of India (SBI), had a market value of more than 4.5 lakh crore rupees as of March 2023. Due to its solid fundamentals, solid business model, and outstanding financial performance, the bank’s stock has been a well-liked investment among both retail and institutional investors.
In this piece, we’ll examine the stock of SBI Bank’s probable future performance and forecast its share price goal for the years 2023 to 2030. To predict the bank’s future profits growth and valuation multiples, we will consider its recent financial performance, its competitive landscape, and the current economic conditions.
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SBI IN RECENT NEWS
- According to 50 analysts covering State Bank of India’s shares, there is currently no ‘sell’ call on the stock. The latest recommendation from these analysts provides a price target for SBI’s shares.
- According to a report by SBI, global central banks have the potential to adopt the template of the Reserve Bank of India (RBI).
SBI SHARE PRICE TARGET 2023
| SBI SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| March 2023 | ₹524.45 | ₹403.42 |
| April 2023 | ₹576.90 | ₹443.77 |
| May 2023 | ₹480.75 | ₹369.80 |
| June 2023 | ₹576.90 | ₹443.77 |
| July 2023 | ₹692.27 | ₹532.52 |
| August 2023 | ₹761.50 | ₹585.77 |
| September 2023 | ₹799.58 | ₹615.06 |
| October 2023 | ₹761.50 | ₹585.77 |
| November 2023 | ₹837.65 | ₹644.35 |
| December 2023 | ₹938.17 | ₹721.67 |
SBI Bank’s share price in 2023 is expected to follow an upward trend.The stock is expected to remain bullish, with a growth percentage ranging from approximately 10% to over 30% in certain months. In March 2023, the maximum price is predicted to be around ₹524.45, which is expected to rise to ₹938.17 in December 2023. Even during the months where the minimum price is observed, the overall trend remains positive. This suggests that SBI Bank’s stock could be an attractive investment option for those looking for long-term capital appreciation.
SBI SHARE PRICE TARGET 2024
| SBI SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹987.55 | 1037.03 |
| February 2024 | ₹1,109.60 | ₹924.67 |
| March 2024 | ₹1,168.00 | ₹949.60 |
| April 2024 | ₹1,061.82 | ₹816.79 |
| May 2024 | ₹884.85 | ₹680.65 |
| June 2024 | ₹1,061.82 | ₹816.79 |
| July 2024 | ₹902.55 | ₹699.65 |
| August 2024 | ₹992.80 | ₹787.94 |
| September 2024 | ₹1,042.44 | ₹801.88 |
| October 2024 | ₹1,226.40 | ₹943.39 |
| November 2024 | ₹1,287.72 | ₹990.56 |
| December 2024 | ₹1,313.48 | ₹1,010.37 |
SBI Bank’s share price in 2024 is expected to continue its upward trajectory, with the maximum price predicted to be ₹1,313.48 in December 2024. The minimum price is expected to be around ₹680.65 in May 2024. The stock is expected to remain bullish with a growth percentage ranging from approximately 10% to 30% in certain months. In October 2024, the maximum price is predicted to be ₹1,226.40, which is expected to rise to ₹1,287.72 in November 2024. This suggests that SBI Bank’s stock has the potential to continue to be an attractive investment option for those looking for long-term capital appreciation.
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SBI SHARE PRICE TARGET 2025
| SBI SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹1,339.75 | ₹1,030.58 |
| February 2025 | ₹1,410.26 | ₹1,084.82 |
| March 2025 | ₹1,480.77 | ₹1,139.06 |
| April 2025 | ₹1,322.12 | ₹1,017.02 |
| May 2025 | ₹1,201.93 | ₹924.56 |
| June 2025 | ₹1,322.12 | ₹1,017.02 |
| July 2025 | ₹1,259.16 | ₹968.59 |
| August 2025 | ₹1,311.63 | ₹1,008.94 |
| September 2025 | ₹1,377.21 | ₹1,059.39 |
| October 2025 | ₹1,459.84 | ₹1,122.95 |
| November 2025 | ₹1,562.03 | ₹1,201.56 |
| December 2025 | ₹1,593.27 | ₹1,225.59 |
SBI Bank share price target for 2025 appears to be fluctuating throughout the year. In January 2025, the maximum price target is ₹514.75 while the minimum price target is ₹395.06. The share price target continues to rise in February, reaching a maximum of ₹543.56 and a minimum of ₹417.87. However, the trend reversed in March, with the maximum price target falling to ₹473.06 and the minimum price target dropping to ₹364.03.
The share price target for SBI Bank continues to fluctuate throughout the year, with highs and lows occurring in alternating months. The maximum price target for October 2025 is ₹602.84, while the minimum price target for the same month is ₹463.95. In November 2025, the maximum price target for SBI Bank reached ₹647.46, which is the highest price target for the entire year. The minimum price target for November is ₹498.07. Finally, in December 2025, the maximum price target for SBI Bank is ₹659.31, while the minimum price target is ₹507.32. Overall, it appears that the SBI Bank share price target for 2025 will continue to be volatile and subject to fluctuations throughout the year.
SBI BANK SHARE PRICE TARGET 2026 TO 2030
| SBI BANK SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹1,115.29 | ₹780.70 |
| 2027 | ₹948.00 | ₹663.60 |
| 2028 | ₹1,706.39 | ₹1,194.47 |
| 2029 | ₹3,505.19 | ₹2,453.64 |
| 2030 | ₹3,903.51 | ₹2,732.46 |
The SBI Bank share price target for the years 2026 to 2030 appears to be characterised by both significant highs and lows. In 2026, the maximum price target for SBI Bank is ₹1,115.29, while the minimum price target is ₹780.70. The share price target drops further in 2027, with the maximum price target falling to ₹948.00 and the minimum price target dropping to ₹663.60.
However, the trend reverses in 2028, with the maximum price target for SBI Bank soaring to ₹1,706.39 and the minimum price target rising to ₹1,194.47. This upward trend continues in 2029, with the maximum price target for SBI Bank reaching ₹3,505.19, which is the highest price target for the entire period, while the minimum price target is ₹2,453.64.
In 2030, the maximum price target for SBI Bank continues to be high, reaching ₹3,903.51, while the minimum price target is ₹2,732.46.
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FINANCIAL STRENGTH OF SBI (2018 TO 2022)
| ANNUAL | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
| Total Income | 4,06,973.09 | 3,85,337.89 | 3,68,010.65 | 3,30,687.36 | 3,06,527.52 |
| Total Income Growth (%) | 5.61 | 4.71 | 11.29 | 7.88 | 2.64 |
| Provisions & Contingencies | 40,059.15 | 54,618.41 | 56,928.46 | 56,950.52 | 67,957.58 |
| Provisions & Contingencies Growth (%) | -26.66 | -4.06 | -0.04 | -16.20 | 8.51 |
| Profit after Tax (PAT) | 35,373.88 | 22,405.46 | 19,767.80 | 2,299.64 | -4,556.29 |
| PAT Growth (%) | 49.74 | 33.58 | 492.26 | – | – |
| Net Interest Margin (%) | 2.49 | 2.51 | 2.59 | 2.50 | 2.27 |
| Net Profit Margin (%) | 12.19 | 8.05 | 7.32 | 0.90 | -1.98 |
| Basic EPS (₹) | 39.64 | 25.11 | 22.15 | 2.58 | -5.34 |
Based on the financial statement provided for the last five years, it is evident that State Bank of India (SBI) has witnessed a steady growth in its revenue, with a revenue growth percentage of 5.61% in FY 2022 compared to the previous year. The total income for FY 2022 is ₹4,06,973.09, which is an increase from the previous year’s total income of ₹3,85,337.89.
However, SBI has seen fluctuations in its profit and loss over the years. The bank’s provisions and contingencies have shown a decline of 26.66% in FY 2022, standing at ₹40,059.15, which is a significant reduction compared to the previous year. On the other hand, the profit after tax (PAT) has shown a growth of 49.74% in FY 2022, with the PAT standing at ₹35,373.88.
SBI has also witnessed a fluctuating profit growth percentage in the last five years. While FY 2022 shows a PAT growth of 49.74%, the previous year’s PAT growth stood at 33.58%, and in FY 2020, the PAT growth percentage was a whopping 492.26%. It is worth noting that in FY 2019, SBI incurred losses, with the PAT standing at ₹2,299.64.
The net interest margin (NIM) has also shown fluctuations over the years, with the highest NIM being 2.59% in FY 2020, and the lowest NIM being 2.27% in FY 2018. Similarly, the net profit margin (NPM) has also shown fluctuations over the years, with the highest NPM being 12.19% in FY 2022 and the lowest NPM being -1.98% in FY 2018. The basic earnings per share (EPS) have shown a steady increase over the years, with the highest EPS being ₹39.64 in FY 2022 and the lowest EPS being -₹5.34 in FY 2018.
Overall, SBI has shown steady growth in revenue, with fluctuating profits and margins over the years. The bank has been successful in reducing its provisions and contingencies in FY 2022 and achieving a significant PAT growth percentage.
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FAQ’s
What is the maximum share price target of SBI in 2026?
The maximum share price target of SBI in 2026 is Rs. 1115.29
What is the maximum share price target of SBI in 2027?
The maximum share price target of SBI in 2027 is Rs. 948.00
What is the maximum share price target of SBI in 2028?
The maximum share price target of SBI in 2028 is Rs. 1706.39
What is the maximum share price target of SBI in 2029?
The maximum share price target of SBI in 2029 is Rs. 3505.19
What is the maximum share price target of SBI in 2030?
The maximum share price target of SBI in 2030 is Rs. 3903.51
CONCLUSION: SBI SHARE PRICE TARGET
SBI has demonstrated consistent growth in terms of total income, PAT, and revenue growth based on the financial statements of the previous five years. In the current fiscal year, the bank has decreased provisions and contingencies while managing to maintain a steady net interest margin. The bank appears to be headed for a successful future with a notable increase in PAT growth and a positive basic EPS. Before choosing to invest in SBI shares, it is crucial to take into account other aspects such as market developments, competition, and regulatory changes. In conclusion, long-term investors searching for a dependable and steady banking stock may find success with SBI shares.
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