$31.82
-0.87[-2.66%]
At close: May 16
$31.82
0[0.00%]
After Hours: 4:03PM EDT
First Internet
(NASDAQ:INBK)First Internet Stock (NASDAQ:INBK), Analyst Ratings, Price Targets, Predictions
First Internet Bancorp has a consensus price target of $20.8, established from looking at the 17 latest analyst ratings. The last 3 analyst ratings were released from Piper Sandler, Keefe, Bruyette & Woods, and Keefe, Bruyette & Woods on April 29, 2024, April 26, 2024, and January 26, 2024. With an average price target of $34.67 between Piper Sandler, Keefe, Bruyette & Woods, and Keefe, Bruyette & Woods, there's an implied 8.95% upside for First Internet Bancorp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Piper Sandler
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Craig-Hallum
Janney Montgomery Scott
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for First Internet
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 04/29/2024 | Buy Now | 6.85% | Piper Sandler | Nathan Race | $35 → $34 | Maintains | Neutral | Get Alert |
| 04/26/2024 | Buy Now | 13.14% | Keefe, Bruyette & Woods | Timothy Switzer | $34 → $36 | Reiterates | Market Perform → Market Perform | Get Alert |
| 01/26/2024 | Buy Now | 6.85% | Keefe, Bruyette & Woods | Michael Perito | $29 → $34 | Maintains | Market Perform | Get Alert |
| 12/18/2023 | Buy Now | — | Craig-Hallum | George Sutton | — | Upgrade | Hold → Buy | Get Alert |
| 10/30/2023 | Buy Now | -43.43% | Piper Sandler | Nathan Race | $19 → $18 | Maintains | Neutral | Get Alert |
| 10/27/2023 | Buy Now | -40.29% | Craig-Hallum | George Sutton | $22 → $19 | Maintains | Hold | Get Alert |
| 07/31/2023 | Buy Now | -21.43% | Piper Sandler | Nathan Race | $17 → $25 | Maintains | Neutral | Get Alert |
| 07/28/2023 | Buy Now | -30.86% | Craig-Hallum | George Sutton | $18 → $22 | Maintains | Hold | Get Alert |
| 05/05/2023 | Buy Now | -62.29% | Piper Sandler | Nathan Race | $16.5 → $12 | Maintains | Neutral | Get Alert |
| 05/01/2023 | Buy Now | -30.86% | Keefe, Bruyette & Woods | Michael Perito | $27 → $22 | Maintains | Market Perform | Get Alert |
| 04/28/2023 | Buy Now | -43.43% | Craig-Hallum | George Sutton | $27 → $18 | Maintains | Hold | Get Alert |
| 04/06/2023 | Buy Now | -15.15% | Keefe, Bruyette & Woods | Michael Perito | $30 → $27 | Maintains | Market Perform | Get Alert |
| 10/21/2022 | Buy Now | -5.72% | Keefe, Bruyette & Woods | Michael Perito | $42 → $30 | Downgrade | Outperform → Market Perform | Get Alert |
| 10/21/2022 | Buy Now | -15.15% | Craig-Hallum | George Sutton | $60 → $27 | Downgrade | Buy → Hold | Get Alert |
| 10/20/2022 | Buy Now | — | Janney Montgomery Scott | John Rodis | — | Downgrade | Buy → Neutral | Get Alert |
| 04/22/2022 | Buy Now | 94.85% | Keefe, Bruyette & Woods | Michael Perito | $66 → $62 | Maintains | Outperform | Get Alert |
| 04/22/2022 | Buy Now | 69.7% | Piper Sandler | Nathan Race | $68 → $54 | Maintains | Overweight | Get Alert |
FAQ
What is the target price for First Internet (INBK)?
The latest price target for First Internet (NASDAQ: INBK) was reported by Piper Sandler on April 29, 2024. The analyst firm set a price target for $34.00 expecting INBK to rise to within 12 months (a possible 6.85% upside). 8 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for First Internet (INBK)?
The latest analyst rating for First Internet (NASDAQ: INBK) was provided by Piper Sandler, and First Internet maintained their neutral rating.
When was the last upgrade for First Internet (INBK)?
The last upgrade for First Internet Bancorp happened on December 18, 2023 when Craig-Hallum raised their price target to N/A. Craig-Hallum previously had a hold for First Internet Bancorp.
When was the last downgrade for First Internet (INBK)?
The last downgrade for First Internet Bancorp happened on October 21, 2022 when Keefe, Bruyette & Woods changed their price target from $42 to $30 for First Internet Bancorp.
When is the next analyst rating going to be posted or updated for First Internet (INBK)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of First Internet, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for First Internet was filed on April 29, 2024 so you should expect the next rating to be made available sometime around April 29, 2025.
Is the Analyst Rating First Internet (INBK) correct?
While ratings are subjective and will change, the latest First Internet (INBK) rating was a maintained with a price target of $35.00 to $34.00. The current price First Internet (INBK) is trading at is $31.82, which is out of the analyst’s predicted range.
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