In a noteworthy update for investors, Barclays analyst Jared Shaw has reaffirmed the "Overweight" rating for Old National (ONB, Financial). This decision reflects continued confidence in the company's performance, as evidenced by an increased price target.
The price target for Old National (ONB, Financial) has been raised from a previous $25.00 to a new target of $28.00, marking a significant 12% increase. This adjustment highlights positive expectations and potential growth for the stock.
The updated analysis and maintained rating come as part of a broader assessment by Barclays, suggesting a strong outlook for Old National (ONB, Financial) in the financial markets. Investors are encouraged to take note of these developments as they consider their investment strategies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Old National Bancorp (ONB, Financial) is $25.05 with a high estimate of $28.00 and a low estimate of $23.00. The average target implies an upside of 9.75% from the current price of $22.82. More detailed estimate data can be found on the Old National Bancorp (ONB) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Old National Bancorp's (ONB, Financial) average brokerage recommendation is currently 2.0, 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 $25.57, suggesting a upside of 12.05% from the current price of $22.82. 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.
