Update shared on 11 Nov 2025
Fair value Increased 1.70%Analysts have raised their fair value estimate for ING Groep to €22.92 from €22.53. This change reflects improved revenue growth and higher profit margin expectations.
Analyst Commentary
Recent street research highlights a dynamic mix of optimism and caution regarding ING Groep's future performance and valuation. Analysts have adjusted their outlooks in response to company trends and evolving market conditions.
Bullish Takeaways- Bullish analysts have increased price targets for ING Groep, reflecting expectations of improved revenue growth and stronger margins.
- ING’s strong deposit growth, noted as one of the highest in Europe, is seen as a positive driver for net interest income momentum in upcoming quarters.
- Structural improvements and prudent rate management are expected to support continued profit margin expansion.
- The bank’s position as a top European pick signals rising confidence in its execution and potential for further upside in valuation.
- Some recent price target reductions indicate caution around near-term revenue growth amid market volatility.
- Certain analysts have moderated their outlooks following concerns that earnings momentum could slow if economic conditions soften.
- There is discussion regarding the sustainability of margin improvements, with sector risks and competitive dynamics remaining focal points for more cautious observers.
- Flat or mixed ratings from some analysts reflect continued scrutiny of ING’s ability to consistently outperform sector peers.
What's in the News
- Ida Lerner has been appointed as the next Chief Financial Officer (CFO) of ING Groep, succeeding Tanate Phutrakul in April 2026. Lerner was previously CFO at Norwegian bank DNB. (Key Developments)
- ING Groep N.V.'s $1.5 billion Fixed-Income Offering will now have DBS Bank Ltd. as a Co-Lead Underwriter. (Key Developments)
Valuation Changes
- The Fair Value Estimate has increased slightly to €22.92, up from €22.53.
- The Discount Rate has risen marginally to 6.31 percent from 6.30 percent.
- The Revenue Growth Forecast has edged up to 9.94 percent from 9.88 percent.
- The Net Profit Margin has improved moderately to 29.08 percent from 28.51 percent.
- The Future P/E Ratio has decreased to 8.40x from 9.51x, indicating expectations of higher future earnings relative to the share price.
Disclaimer
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