# Independent Bank (INDB) — Analyst Forecast

INDB · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/indb/forecast

## Analyst consensus

| Consensus | Buy | Hold | Sell | Analysts |
| --- | --- | --- | --- | --- |
| Buy | 5 | 1 | 1 | 7 |

## Recent analyst ratings

| Date | Firm | Action | Rating | Price target |
| --- | --- | --- | --- | --- |
| Jul 20, 2026 | Keefe, Bruyette & Woods | Maintained | Outperform | $96.00 |
| Jun 26, 2026 | Piper Sandler | Maintained | Neutral | $90.00 |
| May 15, 2026 | Hovde Group | Initiated Coverage | Outperform | $95.00 |
| Apr 20, 2026 | Keefe, Bruyette & Woods | Maintained | Outperform | $94.00 |
| Apr 16, 2026 | Stephens & Co. | Initiated Coverage | Overweight | $88.00 |
| Apr 7, 2026 | Barclays | Maintained | Underweight | $82.00 |
| Mar 16, 2026 | Piper Sandler | Initiated Coverage | Neutral | $84.00 |
| Dec 17, 2025 | Barclays | Initiated Coverage | Equal-Weight | $80.00 |
| Oct 21, 2025 | Keefe, Bruyette & Woods | Upgraded | Market Perform → Outperform | $83.00 |
| Apr 21, 2025 | Piper Sandler | Maintained | Neutral | $63.00 |
| Jan 21, 2025 | Raymond James | Maintained | Strong Buy | $78.00 |
| Oct 21, 2024 | Raymond James | Upgraded | Market Perform → Strong Buy | $74.00 |
| Jul 22, 2024 | Seaport Global | Upgraded | Neutral → Buy | $65.00 |
| Oct 23, 2023 | Seaport Global | Upgraded | Sell → Neutral | — |
| Sep 12, 2023 | Seaport Global | Initiated Coverage | Sell | $45.00 |

## Frequently Asked Questions

### Is INDB a buy, sell, or hold?

Analysts covering Independent Bank currently average a Buy rating: 5 buy, 1 hold and 1 sell, from 7 analysts. Ratings reflect analyst opinion, not investment advice.

### What is the latest analyst rating on INDB?

On Jul 20, 2026, Keefe, Bruyette & Woods maintained Independent Bank at Outperform with a price target of $96.00.

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Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).