SBI share price target raised to ₹1,300: What Jefferies, Morgan Stanley, BofA, and others forecast

SBI’s share price is drawing strong investor attention after multiple global brokerages lifted their targets following robust quarterly earnings. Shares surged about 7% to around ₹1,136.85 after profit rose nearly 25% year-on-year, beating expectations and reinforcing confidence in India’s largest lender. 

Analysts now see upside potential toward ₹1,300, implying roughly 14% gains from recent levels. This shift highlights improving profitability, stable asset quality, and a stronger credit growth outlook. For investors, the latest upgrades position SBI as a key banking stock to watch in 2026. 

Strong earnings drive SBI share price momentum

Profit growth and margins improve

SBI reported December-quarter net profit of ₹21,030 crore, up about 25% year-on-year, supported by higher fee income and lower provisions. Net interest income reached ₹45,190 crore, while margins stayed near 2.99% with expectations above 3% ahead. Loan growth remained strong, and asset quality improved with controlled credit costs. These metrics explain the sharp rally in the SBI share price after the results. 

Record highs and upgraded outlook

SBI Shares climbed to record territory near ₹1,130 after earnings, supported by a raised full-year loan growth forecast of 13%–15% and gross NPA ratio improvement to 1.57%. Year-to-date gains reached about 16%, outperforming the broader Nifty index decline of roughly 1%. This relative strength signals sustained institutional confidence in SBI’s fundamentals. 

Analyst targets signal upside but mixed valuation views

Bullish calls toward ₹1,300

Jefferies and Motilal Oswal lifted targets to ₹1,300, citing strong return on equity, subsidiary value near ₹354 per share, and projected 12% core-profit CAGR through fiscal 2028. JP Morgan also raised estimates and maintained Buy stance, highlighting above-system growth and profitability expansion. These revisions anchor the bullish narrative around the SBI share price. 

Neutral and cautious perspectives

Morgan Stanley retained an equal-weight view due to near-full valuations, while Bank of America kept a neutral stance with a ₹1,100 objective despite raising earnings estimates. Broader analyst data still shows high optimism, with about 82.05% recommending a buy and an average target near ₹1,112.31. This balance suggests upside exists but may moderate after the rally. 

#CNBCTV18Market | #Nomura On #SBI: Buy call, target price raised to ₹1,235/sh. #Q3FY26 delivered a strong all-round performance, better margin delivery & loan growth compared to peers. Strong NIM performance, controlled opex & higher other income drove a beat on PAT pic.twitter.com/CimXG7GNwk

— CNBC-TV18 (@CNBCTV18Live) February 9, 2026

Market context supporting SBI share price strength

Banking sector and macro tailwinds

Indian equities advanced alongside strong SBI earnings and optimism around U.S.India trade cooperation. Financial stocks gained, lifting broader indices as sentiment improved across sectors. Robust demand from retail and small-business borrowers continues to support credit expansion. These macro signals reinforce the constructive outlook for the SBI share price in 2026. 

Investor participation and sentiment

Retail participation in SBI shares increased by more than 51.54% over the past month, indicating rising interest and liquidity. Analyst consensus targets cluster near current levels but trend upward after earnings surprises. This mix of institutional upgrades and retail inflows strengthens near-term sentiment around the SBI share price. 

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Recent updates on SBI share price (2026)

• SBI posted its highest-ever quarterly profit with nearly 25% annual growth, driven partly by dividends and forex gains.
• Shares jumped around 6%-7.5% to record highs after earnings and upgraded loan-growth guidance. 
• Brokerages including Jefferies, Motilal Oswal, Citi, and Emkay raised price targets, some reaching ₹1,300. 
• Asset quality improved with gross NPAs near 1.57%, strengthening balance-sheet confidence. 
• SBI outperformed the Nifty index in 2026, highlighting sector leadership. 

Market sentiment on SBI Share Price

News flow, analyst upgrades, and rising retail participation indicate bullish sentiment around the SBI share price. However, neutral ratings from select global banks show valuation sensitivity near record highs. Overall sentiment remains positive but data-dependent. 

Conclusion

SBI share price has entered a stronger phase after earnings beat expectations and brokerages raised targets toward ₹1,300. Solid profit growth, improving asset quality, and healthy credit demand support the bullish case. Yet mixed valuation views from global analysts suggest upside may depend on continued earnings momentum and macro stability. For investors, SBI remains a fundamentally strong banking play in 2026, but disciplined entry and monitoring of future results are essential before chasing record-level prices.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.