Jefferies raises ICICI Bank target to INR1,750, keeps Buy
Jefferies has raised its price target on ICICI Bank Limited to INR1,750 from INR1,670 and kept a Buy rating, market reports say. Readers who also track the hsbc share price for big-bank cues may read the upgrade as fresh bullish coverage on a major Asian lender, after Nomura also lifted its ICICI target to INR1,700. The dual broker moves matter because they keep Buy ratings on ICICI while TipRanks-linked coverage still flags a Hold Street consensus, giving investors a clear gap between bullish houses and the average view.
Key Takeaways
- Jefferies moved ICICI Bank’s price target to INR1,750 from INR1,670 and kept Buy.
- Analyst Prakhar Sharma is behind the Jefferies Buy call, per TipRanks coverage via The Globe and Mail.
- Street consensus on ICICI Bank is Hold, even as Jefferies stays constructive.
- Nomura separately raised its ICICI target to INR1,700 from INR1,620 and kept Buy.
- ICICI’s latest cited quarter showed higher revenue and profit versus the year-ago period.
What did Jefferies change on ICICI Bank?
According to MT Newswires reporting carried on Moomoo, Jefferies adjusted ICICI Bank’s price target to INR1,750 from INR1,670 and maintained a Buy rating. The Globe and Mail’s TipRanks-sourced note says Jefferies analyst Prakhar Sharma maintained Buy and set a INR1,750.00 target on ICICI Bank Limited (ICICIBANK).
That is an INR80 step-up versus the prior Jefferies target cited in the same headlines. The call keeps Jefferies on the bullish side of the ledger for the Indian private-sector lender. Moomoo’s market snapshot around the item also flagged IBN, the U.S.-listed ADR ticker often used by overseas investors to trade ICICI exposure.
How does Wall Street’s broader view compare?
The Globe and Mail item notes that TipRanks ranks Sharma #3104 out of 12,335 analysts. It also says the word on the street in general points to a Hold consensus rating for ICICI Bank Limited. Jefferies’ Buy therefore sits above the average Street stance reported in that coverage.
Investors weighing rating gaps often look across peer bank names as well, which is why some portfolios also monitor the hsbc share price alongside Indian banking ADRs such as IBN. Cross-checking broker targets against consensus can help separate a single-house upgrade from a broader shift in sentiment.
Did other brokers move on ICICI too?
Yes. MarketScreener lists a related MT Newswires item: Nomura adjusted ICICI Bank’s price target to INR1,700 from INR1,620 and kept Buy. That Nomura lift was dated around 21 July 2026 in the MarketScreener feed, a day after the Jefferies headline dated 20 July 2026 on the same platform’s news list.
Together, the two Buy-rated target hikes show successive broker support for ICICI even if consensus remains Hold in the TipRanks summary. Jefferies’ INR1,750 mark sits INR50 above Nomura’s INR1,700 figure in those reports. For more market and innovation coverage on BlasterPost, see our Future Tech & AI Wonders hub.
What do the latest ICICI earnings figures show?
Based on ICICI Bank’s latest earnings release for the quarter ending 31 March cited by The Globe and Mail, the bank reported quarterly revenue of INR846.82 billion and net profit of INR147.55 billion. A year earlier, revenue was INR789.04 billion and net profit was INR135.02 billion.
Those year-over-year gains provide useful context for why brokers may be lifting targets, though the Jefferies and Nomura notes summarized here do not spell out the full thesis behind each revision. Always treat broker price targets as opinions, not guarantees of future share performance, and weigh them against your own risk tolerance and research.