ONB Stock Forecast & Price Target

Old National Bancorp is a strong financial services company with a solid track record of growth and profits. The recent mergers with First Midwest and CapStar, as well as the acquisition of Bremer Financial Corporation, are expected to drive further growth and increase the company's presence in key markets. Its commitment to organic growth and returning capital to shareholders, along with its strong M&A track record, give us confidence in its ability to maintain its positive momentum. With a focus on expanding its DEI initiatives and promoting a culture of diversity and inclusivity, as well as its commitment to community development and employee engagement, Old National is well-positioned for long-term success.

Old National Bancorp is positioned to face challenges in the short term as loan growth is expected to slow, and net charge-offs may increase. Additionally, the company's expense growth may outpace its revenue growth, and the current economic environment may affect fee income. However, the company's disciplined approach, strong asset quality, and focus on efficiency could contribute to solid performance in the long term. This is in line with our "Sector Perform" rating on the stock, with a price target of $26.