UBS has increased its price target for ING Groep NV to €21.00, while maintaining a "Buy" rating.

Analyst Johan Ekblom believes that the growth potential of the Dutch bank, particularly in its German operations, is being underestimated by the market. He expects a significant increase in profits by 2026, reflecting his optimism about the bank's future performance.

ING shares are currently priced at €14.34, showing a slight decline of 0.24% from the previous day. The stock has experienced fluctuations, with a year high of €17.22 and a low of €11.90.

Various trading platforms, such as Tradegate and Nasdaq OTC, also indicate downward trends in share prices, suggesting a broader market sentiment that may not align with UBS's positive outlook.