UBS has raised its target price for ING Group from €20.60 to €21.00 while keeping a "Buy" rating.
Analyst Johan Ekblom pointed out that the growth potential of the Dutch bank, especially in its German operations, is still being underestimated by the market.
The report, which was published on November 26, 2024, predicts a significant increase in ING's profits by 2026, indicating a positive outlook for the bank's future performance.
This adjustment in target price reflects UBS's confidence in ING's strategic positioning and market opportunities.