If you are looking for “ICICI Bank share price targets” for upcoming years you are in the right place. Before we dive into ICICI Bank stock price targets, Let’s understand the ICICI Bank company background, technical fundamentals etc.
About ICICI Bank
ICICI is a multinational bank that offers commercial and retail banking products and services. It has 5,275 branches and 15,589 ATMs across India. The company also operates in the United Kingdom, Canada, Bahrain, Hong Kong, Qatar, Oman Dubai International Finance Centre China and South Africa through subsidiaries or offices. In March 2020 it made an investment of ₹10 billion (US$130 million) for a 5% ownership stake in Yesbank.
Fundamentals of ICICI Bank
Let’s look at the fundamentals of ICICI Bank, based on which we can get a clear understanding of the expertise in the banking sector.
- Current Market Cap: The current market cap of ICICI Bank as of October 6 2022, is ₹ 6,17,168.08 Cr.
- P/E Ratio: The current price to earning ratio of ICICI Bank is 24.08.
- Profit Growth: Profit growth is around 44.14 % over the period of time
ICICI Bank Price Target Details
We have done a complete analysis of ICICI Bank and have come up with its share price targets for upcoming years.
Note: These price targets of “ICICI Bank” is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
|Year||ICICI Bank Share Price Targets (₹)|
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of ICICI Bank we found,
The target share price of ICICI Bank for the year 2023 will be ₹1200
The target share price of ICICI Bank for the year 2024 will be ₹1600
The target share price of ICICI Bank for the year 2025 will be ₹1900
The target price of ICICI Bank for the year 2027 will be ₹2000
The target share price of ICICI Bank for the years 2027, 2028, 2029, and 2030 will be ₹2100, ₹2400, ₹2600, and ₹2900 respectively.