ICICI Bank Stock: Still a Favorite on D-Street?

ICICI Bank Limited, one of India's top private sector banks, continues to command investor confidence as it closed at ₹1406.70 on April 17, 2025

India's private banking behemoth, ICICI Bank Ltd (NSE:600033)(SS:600033.NS), is heating up investor interest once again. The bank's shares closed at ₹1,406.70 on Monday, registering a single-session surge of 3.73% and placing it among the top gainers on April 15.

This latest rally signals the robust nature of investor optimism around ICICI Bank, even as a broader environment of cautious optimism prevails among analysts.

Recently, the broader market has seen some profit booking activity, leading to a slight pullback from record highs.

However, despite this broader market trend, ICICI Bank has shown remarkable resilience and continues to attract strong interest from both retail and institutional investors.

A Look Back: ICICI Bank's CAGR & Performance

Over the past three years, ICICI Bank has indeed delivered exceptional returns, boasting a compound annual growth rate (CAGR) of 35.38%.

This consistent performance has placed it among the top-performing large-cap stocks in the Indian banking sector.

Earlier in March 2024, the lender reported a stellar net profit of ₹8,042 crore for the quarter ended December 2024, smashing the expectations of analysts on the Street.

The bank's strong fundamentals, healthy asset quality, and focus on digital innovation have been key drivers of its resilience.

ICICI Bank’s 2026 Price Outlook: What Analysts Say

While the recent rally signals robust investor faith, the outlook going into 2026 appears more nuanced.

As of April 17, 2025, the median price target among analysts who cover the shares stood at ₹1,500, suggesting a potential downside of about 6.6% from the last closing price.

However, it's worth noting that these forecasts can vary significantly. The highest price target reached was ₹1,800, while the lowest went as low as ₹1,100.