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Horizon Bancorp (IN) has a consensus price target of $20.4 based on the ratings of 6 analysts. The high is $22 issued by Stephens & Co. on September 2, 2025. The low is $18 issued by Hovde Group on September 30, 2024. The 3 most-recent analyst ratings were released by Piper Sandler, Stephens & Co., and Keefe, Bruyette & Woods on April 27, 2026, March 27, 2026, and January 23, 2026, respectively. With an average price target of $20.67 between Piper Sandler, Stephens & Co., and Keefe, Bruyette & Woods, there's an implied 11.77% upside for Horizon Bancorp (IN) from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Horizon Bancorp (NASDAQ:HBNC) was reported by Piper Sandler on April 27, 2026. The analyst firm set a price target for $21.00 expecting HBNC to rise to within 12 months (a possible 13.57% upside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for Horizon Bancorp (NASDAQ:HBNC) was provided by Piper Sandler, and Horizon Bancorp maintained their neutral rating.
The last upgrade for Horizon Bancorp (IN) happened on August 26, 2025 when Keefe, Bruyette & Woods raised their price target to $19. Keefe, Bruyette & Woods previously had a market perform for Horizon Bancorp (IN).
The last downgrade for Horizon Bancorp (IN) happened on July 6, 2023 when Raymond James changed their price target from N/A to N/A for Horizon Bancorp (IN).
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Horizon Bancorp, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Horizon Bancorp was filed on April 27, 2026 so you should expect the next rating to be made available sometime around April 27, 2027.
While ratings are subjective and will change, the latest Horizon Bancorp (HBNC) rating was a maintained with a price target of $22.00 to $21.00. The current price Horizon Bancorp (HBNC) is trading at is $18.49, which is out of the analyst’s predicted range.
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| Buy Now | Get Alert | ||||||
|---|---|---|---|---|---|---|---|
| 04/27/2026 | Buy Now | 13.57% | Piper Sandler | $22 → $21 | Maintains | Neutral | Get Alert |
| 03/27/2026 | Buy Now | 8.17% | Stephens & Co. | → $20 | Assumes | → Overweight | Get Alert |
| 01/23/2026 | Buy Now | 13.57% | Keefe, Bruyette & Woods | $19 → $21 | Maintains | Outperform | Get Alert |
| 09/02/2025 | Buy Now | 18.98% | Stephens & Co. | $19 → $22 | Maintains | Overweight | Get Alert |
| 08/26/2025 | Buy Now | 2.76% | Keefe, Bruyette & Woods | $18 → $19 | Upgrade | Market Perform → Outperform | Get Alert |
| 07/28/2025 | Buy Now | -2.65% | Piper Sandler | $17 → $18 | Maintains | Neutral | Get Alert |
| 07/25/2025 | Buy Now | -2.65% | Keefe, Bruyette & Woods | $17 → $18 | Maintains | Market Perform | Get Alert |
| 04/28/2025 | Buy Now | -8.06% | Piper Sandler | $18 → $17 | Maintains | Neutral | Get Alert |
| 04/25/2025 | Buy Now | -8.06% | Keefe, Bruyette & Woods | $18 → $17 | Maintains | Market Perform | Get Alert |
| 01/27/2025 | Buy Now | 2.76% | Piper Sandler | $20 → $19 | Maintains | Neutral | Get Alert |
| 12/04/2024 | Buy Now | 2.76% | Keefe, Bruyette & Woods | $17 → $19 | Maintains | Market Perform | Get Alert |
| 09/30/2024 | Buy Now | -2.65% | Hovde Group | → $18 | Initiates | → Outperform | Get Alert |
| 07/29/2024 | Buy Now | -13.47% | Keefe, Bruyette & Woods | $14 → $16 | Maintains | Market Perform | Get Alert |
| 07/29/2024 | Buy Now | -2.65% | Piper Sandler | $13 → $18 | Maintains | Neutral | Get Alert |
| 04/29/2024 | Buy Now | -29.69% | Piper Sandler | $14 → $13 | Maintains | Neutral | Get Alert |
| 12/13/2023 | Buy Now | -35.1% | Stephens & Co. | $12 → $12 | Reiterates | Overweight → Overweight | Get Alert |
| 12/13/2023 | Buy Now | -24.28% | Piper Sandler | $13 → $14 | Maintains | Neutral | Get Alert |
| 10/30/2023 | Buy Now | -45.92% | Piper Sandler | $12 → $10 | Maintains | Neutral | Get Alert |
| 07/31/2023 | Buy Now | -24.28% | Piper Sandler | $11 → $14 | Maintains | Neutral | Get Alert |
| 07/06/2023 | Buy Now | — | Raymond James | — | Downgrade | Outperform → Market Perform | Get Alert |