On May 21, 2025, Jefferies initiated coverage on Old National (ONB, Financial), providing investors with a fresh perspective on the regional banking company. Analyst David Chiaverini announced a "Hold" rating for the stock, suggesting a neutral outlook in the near term.
The price target set by Jefferies for Old National (ONB, Financial) is $24.00 USD. This is a new coverage initiation, and thus, there is no prior price target for comparison. The current analysis does not indicate any percentage change from previous assessments as this is the first initiated target price for ONB by Jefferies.
Investors and stakeholders in Old National (ONB, Financial) will be monitoring the bank's performance closely as Jefferies' assessment provides a baseline for future evaluation. The "Hold" rating signifies that the stock is expected to perform in line with the market, providing moderate growth potential without significant changes in the foreseeable future.
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 $25.11 with a high estimate of $28.00 and a low estimate of $23.00. The average target implies an upside of 16.26% from the current price of $21.60. 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 $24.92, suggesting a upside of 15.37% from the current price of $21.6. 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.
