INDEPENDENT BANK CORP/MA (INDB) Forecast, Price Target & Analyst Ratings

Name: INDEPENDENT BANK CORP/MA (INDB) Analyst Consensus Rating
Brand: INDEPENDENT BANK CORP/MA
Rating: 8 (11 reviews)

NASDAQ:INDB • US4538361084

75.01 USD

-0.13 (-0.17%)

At close: Mar 24, 2026

75.01 USD

0 (0%)

After Hours: 3/24/2026, 4:30:02 PM

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for INDEPENDENT BANK CORP/MA (INDB).

Consensus Price Target

Price Target

$91.80

+ 22.38% Upside

→ Price target details

Next Earnings Forecast

Earnings Estimate

Release Date: Apr 16, 2026
Period: Q1 / 2026
EPS Estimate: $1.70
Revenue Estimate: 254.88M

→ Full earnings forecast details

ChartMill Buy Consensus

Rating

78.18%

Weighted Analyst Rating Score

→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target

$91.80

Upside

+ 22.38%

From current price of $75.01 to mean target of $91.80, Based on 11 analyst forecasts

Low

$80.80

Median

$95.88

High

$100.80

Price Target Revisions

1 Month

0.00%

3 Months

8.11%

Price Target Summary

11 Wall Street analysts provided a forecast for the next 12 months for INDB. The average price target is 91.8 USD. This implies a price increase of 22.38% is expected in the next year compared to the current price of 75.01.

The average price target has been revised upward by 8.11% in the past 3 months.

→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

Analyst Ratings History

Analyst Ratings Consensus

ChartMill Buy Consensus

78.18%

INDB was analyzed by 11 analysts. The buy percentage consensus is at 78. So analysts seem to be have mildly positive about INDB.

In the previous month the buy percentage consensus was at a similar level.

INDB was analyzed by 11 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.

→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

Date	Firm	Action	From → To
2025-12-17	Barclays	Initiate	Equal-Weight
2025-10-21	Keefe, Bruyette & Woods	Upgrade	Market Perform -> Outperform
2025-04-21	Keefe, Bruyette & Woods	Maintains	Market Perform -> Market Perform
2025-04-21	Piper Sandler	Maintains	Neutral -> Neutral
2025-01-21	Keefe, Bruyette & Woods	Maintains	Market Perform -> Market Perform
2025-01-21	Raymond James	Reiterate	Strong Buy -> Strong Buy
2024-12-12	Keefe, Bruyette & Woods	Maintains	Market Perform -> Market Perform
2024-12-04	Keefe, Bruyette & Woods	Maintains	Market Perform -> Market Perform
2024-10-21	Keefe, Bruyette & Woods	Maintains	Market Perform -> Market Perform
2024-10-21	Raymond James	Upgrade	Market Perform -> Strong Buy
2024-07-22	Seaport Global	Upgrade	Neutral -> Buy
2024-04-22	Keefe, Bruyette & Woods	Maintains	Market Perform -> Market Perform
2024-01-22	Keefe, Bruyette & Woods	Maintains	Market Perform -> Market Perform
2023-10-23	Seaport Global	Upgrade	Sell -> Neutral
2023-09-12	Seaport Global	Initiate	Sell
2023-04-25	Keefe, Bruyette & Woods	Maintains	Market Perform
2023-04-06	Keefe, Bruyette & Woods	Maintains	Market Perform
2022-12-21	Raymond James	Initiate	Market Perform
2022-12-13	Keefe, Bruyette & Woods	Downgrade	Outperform -> Market Perform
2021-10-25	Piper Sandler	Downgrade	Overweight -> Neutral
2021-04-26	Seaport Global	Upgrade	Neutral -> Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date: Apr 16, 2026
Period: Q1 / 2026
EPS Estimate: $1.70
Revenue Estimate: 254.88M
Revenue Q2Q: 43.16%
EPS Q2Q: 60.70%
Number of Analysts: 7

Next Earnings Revisions

Revenue (1 Month)

0.00%

Revenue (3 Months)

0.68%

EPS (1 Month)

0.24%

EPS (3 Months)

-0.15%

Next Earnings Summary

INDB is expected to report earnings on 4/16/2026. The consensus EPS estimate for the next earnings is 1.7 USD and the consensus revenue estimate is 254.88M USD.

The next earnings revenue estimate has been revised upward by 0.68% in the past 3 months.

→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2027

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

	2023	2024	2025	2026	2027
Revenue YoY % growth	731.13M 0.44%	689.743M -5.66%	857.52M 24.32%	1.06B 23.61%	1.122B 5.85%
EBITDA YoY % growth	N/A	N/A	N/A	N/A	N/A
EBIT YoY % growth	N/A -2.67%	N/A -16.17%	N/A 15.53%	487.89M 42.74%	538.37M 10.35%
Operating Margin	N/A	N/A	N/A	46.03%	47.98%
EPS YoY % growth	5.42 -6.71%	4.55 -16.05%	5.56 22.20%	7.42 33.52%	8.46 14.01%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

	Q1 / 26	Q2 / 26	Q3 / 26	Q4 / 26	Q1 / 27	Q2 / 27	Q3 / 27	Q4 / 27
EPS Q2Q % growth	1.70 60.70%	1.81 45.08%	1.91 23.33%	1.99 17.24%	1.97 15.72%	2.07 14.03%	2.15 12.58%	2.18 9.39%
Revenue Q2Q % growth	254.88M 43.16%	259.36M 42.66%	266.64M 9.39%	271.68M 6.99%	N/A	N/A	N/A	N/A
EBITDA Q2Q % growth	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EBIT Q2Q % growth	113.02M 55.85%	120.05M 60.26%	127.79M 174.31%	132.54M 19.27%	126.98M 12.35%	132.82M 10.64%	137.75M 7.79%	140.06M 5.67%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year

N/A

EPS Next 5 Year

N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year

N/A

Revenue Next 5 Year

N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year

N/A

EBIT Next 5 Year

N/A

→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

INDEPENDENT BANK CORP/MA / INDB Forecast FAQ

What do analysts expect the price target to be for INDEPENDENT BANK CORP/MA (INDB)?

11 analysts have analysed INDB and the average price target is 91.8 USD. This implies a price increase of 22.38% is expected in the next year compared to the current price of 75.01.

What is the next earnings date for INDB stock?

INDEPENDENT BANK CORP/MA (INDB) will report earnings on 2026-04-16.

What are the consensus estimates for INDEPENDENT BANK CORP/MA (INDB) next earnings?

The consensus EPS estimate for the next earnings of INDEPENDENT BANK CORP/MA (INDB) is 1.7 USD and the consensus revenue estimate is 254.88M USD.

Analyst forecast overview

Forecast Snapshot