Wall Street Analysts Predict a 25.51% Upside in Horizon Bancorp (HBNC): Here's What You Should Know

Core Viewpoint - Horizon Bancorp (HBNC) shares have increased by 6.4% recently, closing at $14.74, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $18.50, representing a 25.5% upside [1] Price Targets - The average price targets from analysts range from a low of $17 to a high of $20.50, with a standard deviation of $1.66, indicating a relatively tight clustering of estimates [2] - The lowest estimate suggests a 15.3% increase from the current price, while the highest estimate indicates a 39.1% upside [2] Analyst Sentiment - There is strong agreement among analysts regarding HBNC's ability to report better earnings than previously predicted, which supports the view of potential upside [4] - Recent trends show three earnings estimates have been revised higher in the last 30 days, with no negative revisions, leading to a 5.1% increase in the Zacks Consensus Estimate [12] Zacks Rank - HBNC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential for upside in the near term [13]