Wall Street Analysts Believe First Internet (INBK) Could Rally 25.04%: Here's is How to Trade

Group 1 - First Internet Bancorp (INBK) closed at $33.35, with a 0.1$41.70 suggests a 25% upside potential [1] - The mean estimate includes five short-term price targets with a standard deviation of $2.91, indicating variability among analysts; the lowest estimate is$38.50 (15.4% increase), while the highest is $45 (34.9% increase) [2] - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [9][10] Group 2 - The Zacks Consensus Estimate for the current year has increased by 2.3%, with one estimate moving higher and no negative revisions [10] - INBK holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] - While the consensus price target may not be a reliable indicator, the direction of price movement implied by it appears to be a good guide for potential upside [11]