{"id":66453,"date":"2026-04-02T10:47:55","date_gmt":"2026-04-02T05:17:55","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=66453"},"modified":"2026-04-02T10:47:58","modified_gmt":"2026-04-02T05:17:58","slug":"icici-bank-share-price-target","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/","title":{"rendered":"ICICI Bank Share Price Target 2026 \u2014 Key Factors, Financial Performance &#038; Analyst Forecast"},"content":{"rendered":"<p>ICICI Bank is one of India&#8217;s most consistently rated Buy stocks by institutional analysts, yet the share price at Rs.1,240 as of April 2026 remains approximately 11% below its 52-week high of Rs.1,388 \u2014 reflecting broader banking sector caution from FII outflows and NIM pressure. The ICICI Bank share price target from most analysts remains significantly above current levels, supported by India&#8217;s best-in-class private bank fundamentals: 17%+ ROE, 4.5%+ NIM, sub-2% GNPA, and the fastest growing retail loan franchise in large-cap banking.<\/p><p>This article covers ICICIBANK&#8217;s current share price, the key drivers of price movement, Q3 FY26 financial performance, technical levels, institutional positioning, and the analyst share price target for 2026 and beyond.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#About_ICICIBANK\" title=\"About ICICIBANK\">About ICICIBANK<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#Key_Factors_Influencing_ICICIBANK_Share_Price_in_2026\" title=\"Key Factors Influencing ICICIBANK Share Price in 2026\">Key Factors Influencing ICICIBANK Share Price in 2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#1_NIM_Leadership_Among_Large_Private_Banks\" title=\"1. NIM Leadership Among Large Private Banks\">1. NIM Leadership Among Large Private Banks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#2_Retail_Loan_Growth_Outpacing_Peers\" title=\"2. Retail Loan Growth Outpacing Peers\">2. Retail Loan Growth Outpacing Peers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#3_FII_Outflows_Creating_Near-Term_Headwind\" title=\"3. FII Outflows Creating Near-Term Headwind\">3. FII Outflows Creating Near-Term Headwind<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#4_Asset_Quality_Best-in-Class\" title=\"4. Asset Quality Best-in-Class\">4. Asset Quality Best-in-Class<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#ICICIBANK_Latest_News_That_Impacted_the_Stock\" title=\"ICICIBANK Latest News That Impacted the Stock\">ICICIBANK Latest News That Impacted the Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#ICICIBANK_Q3_FY26_Financial_Performance\" title=\"ICICIBANK Q3 FY26 Financial Performance\">ICICIBANK Q3 FY26 Financial Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#Technical_Signals_%E2%80%94_Price_Levels_to_Watch\" title=\"Technical Signals \u2014 Price Levels to Watch\">Technical Signals \u2014 Price Levels to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#Future_Outlook_%E2%80%94_Key_Catalysts\" title=\"Future Outlook \u2014 Key Catalysts\">Future Outlook \u2014 Key Catalysts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#ICICIBANK_Share_Price_Target_2026_%E2%80%94_Analyst_Consensus\" title=\"ICICIBANK Share Price Target 2026 \u2014 Analyst Consensus\">ICICIBANK Share Price Target 2026 \u2014 Analyst Consensus<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#Short-Term_Target_3%E2%80%936_months\" title=\"Short-Term Target (3\u20136 months)\">Short-Term Target (3\u20136 months)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#12-Month_Analyst_Consensus_Target\" title=\"12-Month Analyst Consensus Target\">12-Month Analyst Consensus Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#Long-Term_Target_2027%E2%80%932028\" title=\"Long-Term Target (2027\u20132028)\">Long-Term Target (2027\u20132028)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#What_is_ICICI_Bank_share_price_target_2026\" title=\"What is ICICI Bank share price target 2026?\">What is ICICI Bank share price target 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#Why_is_ICICI_Bank_better_than_HDFC_Bank\" title=\"Why is ICICI Bank better than HDFC Bank?\">Why is ICICI Bank better than HDFC Bank?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#What_is_ICICI_Bank_NIM\" title=\"What is ICICI Bank NIM?\">What is ICICI Bank NIM?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#What_is_ICICI_Bank_ROE\" title=\"What is ICICI Bank ROE?\">What is ICICI Bank ROE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#What_is_ICICI_Bank_GNPA\" title=\"What is ICICI Bank GNPA?\">What is ICICI Bank GNPA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#What_are_ICICI_Banks_key_subsidiaries\" title=\"What are ICICI Bank&#8217;s key subsidiaries?\">What are ICICI Bank&#8217;s key subsidiaries?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#Is_ICICI_Bank_a_Strong_Buy\" title=\"Is ICICI Bank a Strong Buy?\">Is ICICI Bank a Strong Buy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#What_is_ICICI_Bank_market_cap\" title=\"What is ICICI Bank market cap?\">What is ICICI Bank market cap?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/icici-bank-share-price-target\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_ICICIBANK\"><\/span><strong>About ICICIBANK<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Click Here \u2013 Get Free Investment Predictions<\/strong><\/a><\/p><p>ICICI Bank Ltd (NSE: ICICIBANK) is India&#8217;s second-largest private sector bank by assets, founded in 1994 and headquartered in Mumbai. Post the merger with ICICI Ltd (its parent institution) in 2002 and years of asset quality clean-up under MD &amp; CEO Sandeep Bakhshi (since 2018), ICICI Bank has transformed from a stressed corporate lender to a retail-led, technology-driven bank. Its total assets exceed Rs.28 lakh crore as of Q3 FY26.<\/p><p>ICICI Bank operates across retail banking, SME banking, corporate and institutional banking, and insurance and AMC subsidiaries (ICICI Lombard, ICICI Prudential Life, ICICI Prudential AMC). The iMobile Pay super app has over 12 crore registered users, making it one of India&#8217;s largest digital banking platforms.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Factors_Influencing_ICICIBANK_Share_Price_in_2026\"><\/span><strong>Key Factors Influencing ICICIBANK Share Price in 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Tap to Access Best Research Pieces on ICICIBANK on Univest<\/strong><\/a><\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_NIM_Leadership_Among_Large_Private_Banks\"><\/span><strong>1. NIM Leadership Among Large Private Banks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>ICICI Bank&#8217;s NIM of approximately 4.5% is among the highest in large-cap private banking \u2014 reflecting its focus on higher-yielding retail and SME loans versus lower-margin corporate lending. This NIM premium over HDFC Bank (3.43%) and Axis Bank (3.99%) is the most important reason for ICICI Bank&#8217;s premium valuation.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Retail_Loan_Growth_Outpacing_Peers\"><\/span><strong>2. Retail Loan Growth Outpacing Peers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>ICICI Bank&#8217;s total loan growth of approximately 15-16% YoY in FY26 outpaces HDFC Bank (9.4%) and Axis Bank (13%). The growth is driven by home loans, auto loans, personal loans, and credit cards \u2014 with each segment showing 15-25% growth. This broad-based retail franchise gives ICICI Bank structural earnings growth.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_FII_Outflows_Creating_Near-Term_Headwind\"><\/span><strong>3. FII Outflows Creating Near-Term Headwind<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Despite strong fundamentals, ICICI Bank has seen FII holding decline from approximately 44% to approximately 40% over the past 18 months as EM allocations were trimmed globally. This institutional selling pressure has kept the stock below its 52-week high despite fundamental outperformance versus peers.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Asset_Quality_Best-in-Class\"><\/span><strong>4. Asset Quality Best-in-Class<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>ICICI Bank&#8217;s gross NPA ratio at approximately 1.96% is the lowest among large private banks \u2014 a product of 6 years of disciplined credit underwriting under Sandeep Bakhshi. Credit cost at approximately 40-50 bps annually is the key reason for ICICI Bank&#8217;s superior through-cycle ROE of 17%+.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ICICIBANK_Latest_News_That_Impacted_the_Stock\"><\/span><strong>ICICIBANK Latest News That Impacted the Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li>January 25, 2026: ICICI Bank Q3 FY26 results: Net profit grew 15% YoY to Rs.11,792 crore; NIM at 4.54%; loan growth 15.9% YoY; GNPA at 1.96%. Stock rose 2% post results.<\/li>\n\n<li>February 2026: ICICI Bank iMobile Pay crosses 12 crore registered users \u2014 making it one of India&#8217;s largest digital banking platforms and significantly reducing customer acquisition cost.<\/li>\n\n<li>March 2026: FII selling in Indian banking sector amid EM outflows keeps ICICI Bank stock in range of Rs.1,170-1,250 despite strong Q3 results.<\/li>\n\n<li>March 2026: ICICI Lombard General Insurance (subsidiary) reports strong premium growth \u2014 subsidiary value adds approximately Rs.300-350 per ICICI Bank share.<\/li>\n\n<li>April 2026: Ahead of Q4 FY26 results (expected late April 2026), multiple brokerages reiterate Buy with targets of Rs.1,500-1,650.<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ICICIBANK_Q3_FY26_Financial_Performance\"><\/span><strong>ICICIBANK Q3 FY26 Financial Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Here is a snapshot of recent financial performance to frame the share price target discussion:<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q3 FY26<\/strong><\/td><td><strong>Q3 FY25 (Year-Ago)<\/strong><\/td><td><strong>YoY Change<\/strong><\/td><\/tr><tr><td>Net Interest Income<\/td><td>Rs.20,371 Cr<\/td><td>Rs.18,678 Cr<\/td><td>+9.1% YoY<\/td><\/tr><tr><td>Net Profit (PAT)<\/td><td>Rs.11,792 Cr<\/td><td>Rs.10,272 Cr<\/td><td>+14.8% YoY<\/td><\/tr><tr><td>Net Interest Margin<\/td><td>4.54%<\/td><td>4.65%<\/td><td>-11 bps YoY<\/td><\/tr><tr><td>Gross NPA<\/td><td>1.96%<\/td><td>2.30%<\/td><td>Improved<\/td><\/tr><tr><td>Loan Growth<\/td><td>15.9% YoY<\/td><td>19.7% YoY<\/td><td>Moderating<\/td><\/tr><tr><td>ROE<\/td><td>17.9%<\/td><td>17.1%<\/td><td>+80 bps YoY<\/td><\/tr><\/tbody><\/table><\/figure><p>Source: NSE\/BSE filings, Company earnings release. Verify latest data on nseindia.com.<\/p><p>Track live metrics and peer comparison on the <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technical_Signals_%E2%80%94_Price_Levels_to_Watch\"><\/span><strong>Technical Signals \u2014 Price Levels to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The stock is trading at its current level, approximately 0x relative to its fundamentals. Key resistance is at the 52-week high, and support levels are defined by prior consolidation zones. Investors tracking the stock should monitor the 200-day moving average as a key trend indicator.<\/p><p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to set live price alerts and receive SEBI-registered analyst research on ICICIBANK.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Future_Outlook_%E2%80%94_Key_Catalysts\"><\/span><strong>Future Outlook \u2014 Key Catalysts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li>ROE compounding at 17%+ \u2014 the highest among large private banks \u2014 deserves sustained premium valuation vs HDFC Bank<\/li>\n\n<li>Subsidiary value unlocking: ICICI Lombard + ICICI Prudential Life + ICICI Prudential AMC combined worth estimated at Rs.450-500 per ICICI Bank share<\/li>\n\n<li>iMobile Pay at 12 crore users creating a digital moat that reduces customer acquisition cost and enables cross-sell at near-zero marginal cost<\/li>\n\n<li>Any FII allocation recovery to EM equities would see ICICI Bank as primary beneficiary given its combination of quality and growth<\/li><\/ul><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Start Free Trial<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ICICIBANK_Share_Price_Target_2026_%E2%80%94_Analyst_Consensus\"><\/span><strong>ICICIBANK Share Price Target 2026 \u2014 Analyst Consensus<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104543\/icici-bank-share-price-target-2026-cards-1024x536.jpg\" alt=\"ICICIBANK Share Price Target 2026 \u2014 Analyst Consensus\" class=\"wp-image-66459\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104543\/icici-bank-share-price-target-2026-cards-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104543\/icici-bank-share-price-target-2026-cards-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104543\/icici-bank-share-price-target-2026-cards-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104543\/icici-bank-share-price-target-2026-cards-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104543\/icici-bank-share-price-target-2026-cards-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104543\/icici-bank-share-price-target-2026-cards-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104543\/icici-bank-share-price-target-2026-cards.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Subscribe to Univest Pro for Premium ICICIBANK Research and F&amp;O Setups<\/strong><\/a><\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Short-Term_Target_3%E2%80%936_months\"><\/span><strong>Short-Term Target (3\u20136 months)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Rs.1,280-1,400 (3-6 months); Q4 FY26 results (April 2026) and FII flow direction are key catalysts. A strong Q4 with loan growth 14%+ and NIM at 4.4%+ would push toward Rs.1,400.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"12-Month_Analyst_Consensus_Target\"><\/span><strong>12-Month Analyst Consensus Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Rs.1,450-1,650 (12-month consensus); implies 17-33% upside from Rs.1,240. Goldman Sachs target Rs.1,650; Jefferies Rs.1,600; UBS Rs.1,500.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Long-Term_Target_2027%E2%80%932028\"><\/span><strong>Long-Term Target (2027\u20132028)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Rs.1,800-2,200 (2027-28); assuming ROE at 18-19%, loan growth at 15% CAGR, and subsidiary value unlocking via potential listings.<\/p><p>Compare analyst targets for ICICIBANK against peers on the <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_ICICI_Bank_share_price_target_2026\"><\/span><strong>What is ICICI Bank share price target 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The 12-month analyst consensus target for ICICI Bank is Rs.1,450-1,650 from Rs.1,240, implying 17-33% upside. Short-term target Rs.1,280-1,400. Long-term (2027-28), Rs.1,800-2,200 assuming 18-19% ROE and subsidiary value unlocking.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_is_ICICI_Bank_better_than_HDFC_Bank\"><\/span><strong>Why is ICICI Bank better than HDFC Bank?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>ICICI Bank has higher ROE (17.9% vs HDFC Bank&#8217;s ~15%), better loan growth (15.9% vs 9.4%), superior GNPA (1.96% vs 1.42%), and a stronger NIM (4.54% vs 3.43%). HDFC Bank is larger by assets and has more branches, but ICICI Bank is the superior business currently.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_ICICI_Bank_NIM\"><\/span><strong>What is ICICI Bank NIM?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>ICICI Bank&#8217;s NIM was 4.54% in Q3 FY26 \u2014 down 11 bps YoY but still the highest among large private banks. The NIM is supported by the retail loan mix (home loans, auto, personal loans, credit cards) rather than lower-yielding corporate loans.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_ICICI_Bank_ROE\"><\/span><strong>What is ICICI Bank ROE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>ICICI Bank&#8217;s return on equity (ROE) was 17.9% in Q3 FY26, up 80 bps YoY \u2014 the highest among India&#8217;s large private banks. This consistent 17%+ ROE has been the primary reason for ICICI Bank&#8217;s re-rating from Rs.400 in 2018 to Rs.1,240+ today.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_ICICI_Bank_GNPA\"><\/span><strong>What is ICICI Bank GNPA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>ICICI Bank&#8217;s gross NPA (non-performing assets) ratio was 1.96% in Q3 FY26, down from 2.30% a year ago \u2014 a significant improvement reflecting 6 years of disciplined underwriting. This is among the lowest GNPA ratios in large-cap Indian banking.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_ICICI_Banks_key_subsidiaries\"><\/span><strong>What are ICICI Bank&#8217;s key subsidiaries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>ICICI Bank&#8217;s key subsidiaries include ICICI Lombard General Insurance (listed, ~30% stake), ICICI Prudential Life Insurance (listed, ~51% stake), and ICICI Prudential AMC (listed, ~51% stake). Combined, these subsidiaries are estimated to add approximately Rs.450-500 per ICICI Bank share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_ICICI_Bank_a_Strong_Buy\"><\/span><strong>Is ICICI Bank a Strong Buy?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>ICICI Bank is rated Strong Buy by Goldman Sachs, Jefferies, UBS, and most domestic brokerages at current levels. The combination of 17%+ ROE, 15%+ loan growth, best-in-class GNPA, and attractive subsidiary value makes ICICI Bank arguably India&#8217;s best large-cap banking investment. Consult a SEBI-registered advisor before investing.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_ICICI_Bank_market_cap\"><\/span><strong>What is ICICI Bank market cap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>ICICI Bank&#8217;s market cap is approximately Rs.8,74,000 crore as of April 2026 \u2014 India&#8217;s second-largest private bank by market cap after HDFC Bank. The stock trades at P\/E of approximately 17x and P\/BV of approximately 2.9x.<\/p><p>This article is for informational and educational purposes only and does not constitute investment advice. All analyst targets are estimates based on publicly available data as of April 2026 and are subject to change. Investments in securities are subject to market risk. Please consult a SEBI-registered financial advisor before making any investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/coal-india-share-price-target-2026\">Coal India Share Price Target 2026: Analyst Forecasts, Bull &amp; Bear Case<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/bharti-airtel-share-price-target\">Bharti Airtel Share Price Target 2026: Analyst Forecasts, Bull &amp; Bear Case<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/state-bank-of-india-share-price-target\">State Bank of India Share Price Target 2026: Analyst Forecasts, Bull &amp; Bear Case<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/paytm-share-price-target\">Paytm Share Price Target 2026: Analyst Forecasts, Bull &amp; Bear Case<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>ICICI Bank is one of India&#8217;s most consistently rated Buy stocks by institutional analysts, yet the share price at Rs.1,240 as of April 2026 remains approximately 11% below its 52-week high of Rs.1,388 \u2014 reflecting broader banking sector caution from FII outflows and NIM pressure. The ICICI Bank share price target from most analysts remains<\/p>\n","protected":false},"author":29,"featured_media":66458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3802,3972],"class_list":["post-66453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news","tag-share-price-target"],"metadata":{"_edit_lock":["1775107121:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:10:{s:61:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/image-78.jpeg\";a:2:{s:2:\"id\";i:66455;s:11:\"source_type\";s:13:\"media-library\";}s:93:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104017\/image-78.jpeg\";a:2:{s:2:\"id\";i:66455;s:11:\"source_type\";s:13:\"media-library\";}s:102:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/hindustan-unilever-share-price-target-2026-cards-1.jpg\";a:2:{s:2:\"id\";i:66456;s:11:\"source_type\";s:13:\"media-library\";}s:111:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/hindustan-unilever-share-price-target-2026-cards-1-1024x536.jpg\";a:2:{s:2:\"id\";i:66456;s:11:\"source_type\";s:13:\"media-library\";}s:134:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104207\/hindustan-unilever-share-price-target-2026-cards-1.jpg\";a:2:{s:2:\"id\";i:66456;s:11:\"source_type\";s:13:\"media-library\";}s:143:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104207\/hindustan-unilever-share-price-target-2026-cards-1-1024x536.jpg\";a:2:{s:2:\"id\";i:66456;s:11:\"source_type\";s:13:\"media-library\";}s:92:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/icici-bank-share-price-target-2026-cards.jpg\";a:2:{s:2:\"id\";i:66459;s:11:\"source_type\";s:13:\"media-library\";}s:101:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/icici-bank-share-price-target-2026-cards-1024x536.jpg\";a:2:{s:2:\"id\";i:66459;s:11:\"source_type\";s:13:\"media-library\";}s:124:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104543\/icici-bank-share-price-target-2026-cards.jpg\";a:2:{s:2:\"id\";i:66459;s:11:\"source_type\";s:13:\"media-library\";}s:133:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/02104543\/icici-bank-share-price-target-2026-cards-1024x536.jpg\";a:2:{s:2:\"id\";i:66459;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["842"],"rank_math_seo_score":["79"],"rank_math_description":["ICICI Bank share price target 2026: CMP Rs.1,240, 12M target Rs.1,450-1,650. 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