SBI Q2 Results Boost Confidence, Brokerage See Up to 40% Upside.

State Bank of India (SBI) has attracted strong interest from brokerage firms after reporting impressive earnings for the July-September quarter. Analysts have turned optimistic about the country’s largest public sector bank. Out of 49 analysts tracking SBI shares, 42 have recommended a ‘Buy’ rating. The remaining seven analysts have maintained a ‘Hold’ rating. Notably, none of the analysts has recommended selling the stock.

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CLSA, HSBC and Citi Set Bullish Target Prices for SBI Stock

Strong quarterly results have further boosted confidence in SBI’s growth prospects. Several leading brokerage firms believe the bank’s share price could deliver returns of up to 40% from current levels. SBI shares recently traded at Rs 976.55, gaining Rs 7 or 0.72%. Analysts expect the bank to maintain its positive performance. Their optimism reflects SBI’s strong business growth and improving financial outlook.

International brokerage CLSA has maintained an ‘Outperform’ rating on SBI shares. It has set a target price of Rs 1,325 for the stock. The brokerage highlighted broad-based loan growth and strong deposit growth as key positives. HSBC has also maintained a ‘Buy’ recommendation. However, it revised its target price from Rs 1,310 to Rs 1,220 while raising its FY27-29 earnings estimates by 4-8%.

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42 Out of 49 Analysts Give SBI Shares a Buy Rating

Citi has also maintained a bullish outlook on SBI and assigned a ‘Buy’ rating. It has set a target price of Rs 1,300 per share. Meanwhile, Bernstein has given the stock a ‘Market-Perform’ rating with a target price of Rs 1,300. The brokerage sees support from lower credit costs and stake sales. These assessments highlight the positive outlook surrounding SBI’s financial performance.

SBI’s strong second-quarter performance has strengthened investor confidence and attracted positive attention from market experts. Most analysts tracking the stock expect further growth in its share price. Their target prices indicate significant upside potential from the recently reported trading level. However, actual stock performance will depend on market conditions and the bank’s future financial results. Investors will continue to track SBI’s performance and upcoming developments.

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