IDFC First Bank share price target

This article concerns share price targets for the next 10 to 15 years based on technical analysis, fundamental goals, and past performance. The estimated IDFC First Bank share price target 2024 to 2030, and 2035 are shown below.

Overview

IDFC First Bank is an Indian private bank, incorporated in October 2015. IDFC Ltd was granted permission to set up a bank in 2015, and then IDFC Bank merged with Capital First Ltd. (NBFC) to improve its performance. The bank was formed after the merger of Investment Development Finance and Capital First, headquartered in Mumbai, Maharashtra. Mainly, the bank works on deposit accounts, business accounts, loans, credit cards, investment banking, wealth management, corporate banking, etc. The bank increased retail deposits at a CAGR of 67% over five years. Since the merger, total customer deposits have increased at a 36% CAGR over the past five years.

IDFC First Bank share price target 2024 to 2030 and 2035

IDFC First Bank Share Price Targets are: 2024 – 90 to 105.63, 2025 – 120.60 to 135.87, 2026 – 156.25 to 173.69, 2027 – 183.50 to 202, 2028 – 220 to 233, 2029 – 254 to 297, 2030 – 305 to 325 and price forecasted 656 to 710 by 2035.

IDFC First Bank share price target 2024

The NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) listed IDFC First Bank under the symbol IDFCFIRSTB. The company’s closing share price as of November 14, 2024, was 63.41. It is not a fixed share price; fluctuation happens every second in the open market.

IDFC First Bank share price target 2024 is 90 as the first target and 105.63 as the second target.

IDFC First Bank share price target 2025

This is a universal bank featuring a broad product offering and footprint in India, including NRI banking, Treasury solutions, retail, SME, rural, corporate, trade, CMS, and wealth management. The total revenue exceeds Rs. 4 lakh crore, or USD 48 billion. It has maintained a good CASA ratio of 47% and a strong deposit franchise expanding at 39%. Over two lakh crore (US 24 billion) in deposits have been made.

The Bank’s initial forecasted share value for the beginning of the year 2025 is 110.80. The semi-annual price forecast may rise to 120.60 in a positive market sentiment. The price at the end of the year is forecast at 135.87. 

IDFC First Bank share price target 2026

The bank increased retail deposits at a CAGR of 67% over five years. Since the merger, total customer deposits have increased at a 36% CAGR over the past five years and increased by 78% compared to previous deposits at 27%. IDFC First Bank’s initial forecasted share value for the beginning of 2026 is 143.85. The semi-annual price forecast may rise to 156.25 in a positive market sentiment. The price at the end of the year is forecast at 173.69.

IDFC First Bank share price target 2027

As per Q4 results for 2024, expenses have moderately increased year over year by 8% and by 9.5% quarter-on-quarter, and revenue increased by 33% YoY and slightly increased by 4.9% compared to the last quarter of December 2023. The company made a 2,94,235 lakh profit in fiscal year 2024, compared to 2,48,493 lakhs as of March 2023. Quarter-on-quarter net profit after tax is nil. Overall, the financials are good. Looking at these highlights, we may assume the share price target for IDFC First Bank 2027 is 175.10 at the beginning of the year, 183.50 at the middle of the year, and 202 at the end of the year.

IDFC First Bank share price target 2028

IDFC First Bank share price target for 2028 is 208.25 at the start of the financial year. The price was forecast at 220 in the middle of the year with some price consolidation for some months, and the projected share price is 233 at the end of the year.

IDFC First Bank share price target 2029

IDFC First Bank price in 2029 is expected to reach 254 to 297, with some consolidation zones. The initial forecasted share value for the beginning of the year is 240.69. The semi-annual price forecast may rise to 254 in a positive market sentiment. The price at the end of 2029 is forecast at 290.96 to 297.

IDFC First Bank share price target 2030

The initial price target of IDFC First Bank is 302.55 at the beginning of the year 2030. The half-yearly price forecast can rise to 305 in a positive market situation. The price at the end of the year is forecast to 325.

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IDFC First Bank share price target 2035

Depending on company economics and sector demand and supply with a favorable trend pattern, we may assume the target price of IDFC First Bank share price target of 2035 to be 620 at the beginning of the year, 656 at the middle of the year, and 710 at the end of the financial year.

Conclusion

This article presents IDFC First Bank share price targets 2024 to 2030 and 2035. Targets are mentioned based on technical and fundamental analysis. stock may be corrected by any news or by companies’ poor or good results. Consider it a proposed level of guidance and not a recommendation. The stock market has high risk and unpredictable moves; invest with your risk appetite and a well-researched advisory.