05-07-2025
Goldman Sachs Sticks to Their Sell Rating for IDFC First Bank Ltd. (IDFCFIRSTB)
Goldman Sachs analyst Rahul Jain maintained a Sell rating on IDFC First Bank Ltd. yesterday and set a price target of INR55.00. The company's shares closed yesterday at INR77.88.
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Jain covers the Financial sector, focusing on stocks such as Axis Bank Limited, Bajaj Finance Limited, and IDFC First Bank Ltd.. According to TipRanks, Jain has an average return of 9.8% and a 78.57% success rate on recommended stocks.
Currently, the analyst consensus on IDFC First Bank Ltd. is a Hold with an average price target of INR61.50.
Based on IDFC First Bank Ltd.'s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR53.53 billion and a net profit of INR2.96 billion. In comparison, last year the company earned a revenue of INR62.06 billion and had a net profit of INR7.32 billion
