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First Internet Analyst Ratings and Price Targets | NASDAQ:INBK | Benzinga
First Internet Bancorp has a consensus price target of $34.4 based on the ratings of 6 analysts. The high is $45 issued by Craig-Hallum on July 26, 2024. The low is $24 issued by Piper Sandler on April 28, 2025. The 3 most-recent analyst ratings were released by Keefe, Bruyette & Woods, Piper Sandler, and Hovde Group on April 29, 2025, April 28, 2025, and April 2, 2025, respectively. With an average price target of $31 between Keefe, Bruyette & Woods, Piper Sandler, and Hovde Group, there's an implied 25.83% upside for First Internet Bancorp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Keefe, Bruyette & Woods
Piper Sandler
Hovde Group
Craig-Hallum
Keefe, Bruyette & Woods
1calculated from analyst ratings
Analyst Ratings for First Internet
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 04/29/2025 | Buy Now | 21.77% | Keefe, Bruyette & Woods | Timothy Switzer65% | $35 → $30 | Maintains | Market Perform | Get Alert |
| 04/28/2025 | Buy Now | -2.59% | Piper Sandler | Nathan Race77% | $32 → $24 | Maintains | Neutral | Get Alert |
| 04/02/2025 | Buy Now | 58.3% | Hovde Group | Brett Rabatin61% | $44 → $39 | Maintains | Outperform | Get Alert |
| 01/27/2025 | Buy Now | 54.24% | Piper Sandler | Nathan Race77% | $42.5 → $38 | Maintains | Neutral | Get Alert |
| 01/24/2025 | Buy Now | 62.36% | Keefe, Bruyette & Woods | Timothy Switzer65% | $45 → $40 | Reiterates | Market Perform → Market Perform | Get Alert |
| 12/04/2024 | Buy Now | 82.65% | Keefe, Bruyette & Woods | Timothy Switzer65% | $41 → $45 | Maintains | Market Perform | Get Alert |
| 07/29/2024 | Buy Now | 64.39% | Piper Sandler | Nathan Race77% | $30 → $40.5 | Maintains | Neutral | Get Alert |
| 07/26/2024 | Buy Now | 82.65% | Craig-Hallum | George Sutton58% | $40 → $45 | Maintains | Buy | Get Alert |
| 07/26/2024 | Buy Now | 70.48% | Keefe, Bruyette & Woods | Timothy Switzer65% | $36 → $42 | Maintains | Market Perform | Get Alert |
| 04/29/2024 | Buy Now | 38% | Piper Sandler | Nathan Race77% | $35 → $34 | Maintains | Neutral | Get Alert |
| 04/26/2024 | Buy Now | 46.12% | Keefe, Bruyette & Woods | Timothy Switzer65% | $34 → $36 | Reiterates | Market Perform → Market Perform | Get Alert |
| 01/26/2024 | Buy Now | 38% | Keefe, Bruyette & Woods | Michael Perito71% | $29 → $34 | Maintains | Market Perform | Get Alert |
| 12/18/2023 | Buy Now | — | Craig-Hallum | George Sutton58% | — | Upgrade | Hold → Buy | Get Alert |
| 10/30/2023 | Buy Now | -26.94% | Piper Sandler | Nathan Race77% | $19 → $18 | Maintains | Neutral | Get Alert |
| 10/27/2023 | Buy Now | -22.88% | Craig-Hallum | George Sutton58% | $22 → $19 | Maintains | Hold | Get Alert |
| 07/31/2023 | Buy Now | 1.47% | Piper Sandler | Nathan Race77% | $17 → $25 | Maintains | Neutral | Get Alert |
| 07/28/2023 | Buy Now | -10.7% | Craig-Hallum | George Sutton58% | $18 → $22 | Maintains | Hold | Get Alert |
| 05/05/2023 | Buy Now | -51.29% | Piper Sandler | Nathan Race77% | $16.5 → $12 | Maintains | Neutral | Get Alert |
| 05/01/2023 | Buy Now | -10.7% | Keefe, Bruyette & Woods | Michael Perito71% | $27 → $22 | Maintains | Market Perform | Get Alert |
| 04/28/2023 | Buy Now | -26.94% | Craig-Hallum | George Sutton58% | $27 → $18 | Maintains | Hold | Get Alert |
| 04/06/2023 | Buy Now | 9.59% | Keefe, Bruyette & Woods | Michael Perito71% | $30 → $27 | Maintains | Market Perform | Get Alert |
| 10/21/2022 | Buy Now | 21.77% | Keefe, Bruyette & Woods | Michael Perito71% | $42 → $30 | Downgrade | Outperform → Market Perform | Get Alert |
| 10/21/2022 | Buy Now | 9.59% | Craig-Hallum | George Sutton58% | $60 → $27 | Downgrade | Buy → Hold | Get Alert |
| 10/20/2022 | Buy Now | — | Janney Montgomery Scott | John Rodis53% | — | Downgrade | Buy → Neutral | Get Alert |
FAQ
What is the target price for First Internet (INBK) stock?
The latest price target for First Internet (NASDAQ:INBK) was reported by Keefe, Bruyette & Woods on April 29, 2025. The analyst firm set a price target for $30.00 expecting INBK to rise to within 12 months (a possible 21.77% upside). 9 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 Keefe, Bruyette & Woods, and First Internet maintained their market perform 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, 2025 so you should expect the next rating to be made available sometime around April 29, 2026.
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 $30.00. The current price First Internet (INBK) is trading at is $24.64, which is out of the analyst’s predicted range.
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