Amidst a buoyant market sentiment, brokerage firms are maintaining a positive outlook on ICICI Bank, India’s second-largest private sector bank. Following the recent disclosure of the bank’s fourth-quarter (Q4) and full fiscal year FY24 financial results, analysts have opted to revise their target prices upwards for the stock.
![Market Analysts Bullish on ICICI Bank After Strong Q4 Earnings; Target Price Raised](https://www.pkglifestylenews.com/wp-content/uploads/2024/04/image-195.png)
The Q4FY24 performance surpassed initial projections, with ICICI Bank registering a robust 17% year-on-year surge in net earnings. This impressive growth trajectory was chiefly propelled by a notable expansion in net interest income (NII), coupled with effective cost management strategies and prudent credit risk mitigation measures. The prevailing optimism among analysts underscores a steadfast confidence in ICICI Bank’s financial resilience and strategic trajectory as it charts its course forward in the dynamic banking landscape.