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First Internet Analyst Ratings

INBKNASDAQ
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Consensus Rating1
Market Perform
Highest Price Target1
$45.00
Lowest Price Target1
$24.00
Consensus Price Target1
$34.40

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 Trends and Forecast
1
Dec 24
2
Jan
1
2
Apr
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.3
Sell
Strong Buy
Buy
Hold
Sell
Strong Sell

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 NowGet Alert
04/29/2025Buy Now21.77%Keefe, Bruyette & Woods
Timothy Switzer65%
$35 → $30MaintainsMarket PerformGet Alert
04/28/2025Buy Now-2.59%Piper Sandler
Nathan Race77%
$32 → $24MaintainsNeutralGet Alert
04/02/2025Buy Now58.3%Hovde Group
Brett Rabatin61%
$44 → $39MaintainsOutperformGet Alert
01/27/2025Buy Now54.24%Piper Sandler
Nathan Race77%
$42.5 → $38MaintainsNeutralGet Alert
01/24/2025Buy Now62.36%Keefe, Bruyette & Woods
Timothy Switzer65%
$45 → $40ReiteratesMarket Perform → Market PerformGet Alert
12/04/2024Buy Now82.65%Keefe, Bruyette & Woods
Timothy Switzer65%
$41 → $45MaintainsMarket PerformGet Alert
07/29/2024Buy Now64.39%Piper Sandler
Nathan Race77%
$30 → $40.5MaintainsNeutralGet Alert
07/26/2024Buy Now82.65%Craig-Hallum
George Sutton58%
$40 → $45MaintainsBuyGet Alert
07/26/2024Buy Now70.48%Keefe, Bruyette & Woods
Timothy Switzer65%
$36 → $42MaintainsMarket PerformGet Alert
04/29/2024Buy Now38%Piper Sandler
Nathan Race77%
$35 → $34MaintainsNeutralGet Alert
04/26/2024Buy Now46.12%Keefe, Bruyette & Woods
Timothy Switzer65%
$34 → $36ReiteratesMarket Perform → Market PerformGet Alert
01/26/2024Buy Now38%Keefe, Bruyette & Woods
Michael Perito71%
$29 → $34MaintainsMarket PerformGet Alert
12/18/2023Buy NowCraig-Hallum
George Sutton58%
UpgradeHold → BuyGet Alert
10/30/2023Buy Now-26.94%Piper Sandler
Nathan Race77%
$19 → $18MaintainsNeutralGet Alert
10/27/2023Buy Now-22.88%Craig-Hallum
George Sutton58%
$22 → $19MaintainsHoldGet Alert
07/31/2023Buy Now1.47%Piper Sandler
Nathan Race77%
$17 → $25MaintainsNeutralGet Alert
07/28/2023Buy Now-10.7%Craig-Hallum
George Sutton58%
$18 → $22MaintainsHoldGet Alert
05/05/2023Buy Now-51.29%Piper Sandler
Nathan Race77%
$16.5 → $12MaintainsNeutralGet Alert
05/01/2023Buy Now-10.7%Keefe, Bruyette & Woods
Michael Perito71%
$27 → $22MaintainsMarket PerformGet Alert
04/28/2023Buy Now-26.94%Craig-Hallum
George Sutton58%
$27 → $18MaintainsHoldGet Alert
04/06/2023Buy Now9.59%Keefe, Bruyette & Woods
Michael Perito71%
$30 → $27MaintainsMarket PerformGet Alert
10/21/2022Buy Now21.77%Keefe, Bruyette & Woods
Michael Perito71%
$42 → $30DowngradeOutperform → Market PerformGet Alert
10/21/2022Buy Now9.59%Craig-Hallum
George Sutton58%
$60 → $27DowngradeBuy → HoldGet Alert
10/20/2022Buy NowJanney Montgomery Scott
John Rodis53%
DowngradeBuy → NeutralGet Alert

FAQ

Q

What is the target price for First Internet (INBK) stock?

A

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.

Q

What is the most recent analyst rating for First Internet (INBK)?

A

The latest analyst rating for First Internet (NASDAQ:INBK) was provided by Keefe, Bruyette & Woods, and First Internet maintained their market perform rating.

Q

When was the last upgrade for First Internet (INBK)?

A

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.

Q

When was the last downgrade for First Internet (INBK)?

A

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.

Q

When is the next analyst rating going to be posted or updated for First Internet (INBK)?

A

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.

Q

Is the Analyst Rating First Internet (INBK) correct?

A

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.

Browse analyst ratings and price targets on all stocks.

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