Update shared on 27 Nov 2025
Fair value Increased 1.58%ING Groep's analyst price target has seen a modest increase, rising from EUR 22.92 to EUR 23.28. Analysts cite improving revenue growth estimates and recent sector upgrades as key factors supporting the adjustment.
Analyst Commentary
Recent Street research has highlighted both positive and cautionary perspectives on ING Groep, reflecting a dynamic outlook for the company’s valuation and growth trajectory in the banking sector.
Bullish Takeaways- Bullish analysts have notably raised ING Groep's price targets, with some projections reaching as high as EUR 26. This reflects increased confidence in the company's revenue growth potential.
- Upgrades to Overweight ratings indicate growing optimism regarding ING Groep's ability to outperform peers. This is supported by robust deposit growth and net interest income improvements.
- ING’s strong deposit growth, among the highest in Europe, is seen as a foundation for future earnings, particularly as interest rate dynamics evolve.
- The bank’s execution strategies, including recent adjustments in offered rates, are viewed as effective in driving operational efficiency and enhancing value for shareholders.
- Bearish analysts have made selective downward revisions to price targets and express caution about potential earnings headwinds despite overall sector upgrades.
- Concerns remain regarding the sustainability of recent revenue gains and whether current valuation levels accurately reflect long-term growth risks.
- Some analysts maintain Hold or Sector Perform ratings, emphasizing uncertainties in ING Groep’s ability to sustain momentum amid shifting market conditions.
What's in the News
- Russian President Vladimir Putin has approved ING Groep's exit from Russia, which allows the company to sell its Russian operations. This move is part of a broader series of foreign bank withdrawals from the country (Bloomberg).
- Ida Lerner has been appointed as the new CFO of ING Groep, effective April 2026. Lerner brings extensive experience from her previous role as CFO at DNB as well as her tenure at HSBC and Nordea.
- DBS Bank Ltd. has been added as Co-Lead Underwriter for ING Groep’s $1.5 billion Fixed-Income Offering.
Valuation Changes
- Consensus Analyst Price Target has risen slightly from €22.92 to €23.28. This reflects updated fair value assessments.
- Discount Rate has fallen marginally from 6.31% to approximately 6.30%. This indicates modestly lower perceived risk or cost of capital.
- Revenue Growth projections have increased narrowly from 9.94% to 9.97%.
- Net Profit Margin estimate has declined very slightly from 29.08% to 29.05%.
- Future P/E ratio is now higher, rising from 8.40x to 9.04x. This points to valuation adjustments in line with earnings outlooks.
Disclaimer
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