SBI Share Price Target: 2026, 2030, and 2040 Forecasts & Analysis

The stellar performance of the stock of the State Bank of India (SBIN.NSE) is evident from the live chart below, and this performance has enhanced bullish SBI share price targets for 2026 and beyond. SBIN is traded on India’s NSE. It is also listed in the Nifty 50 index. The live chart of the stock is shown below.

SBI Live Chart

A look at the SBI share price history on the monthly chart indicates that the stock has shown consistent performance in the last two decades. After breaking out of the multi-year consolidation phase, the stock has resumed the uptrend, closing for trading on Friday December 5, 2025 at INR 971.50.

SBI Share Price Target 2026

A survey of institutional SBI share price targets for 2026 shows they cluster around the INR 1,000-1,100 range, suggesting limited upside potential for the pair given SBI’s current share price. Here is a summary of SBI Bank’s individual share price targets for 2026.

The Economic Times is a financial news magazine that tracks the price targets set by several institutional analysts. The aggregate SBI share price target for 2026 hovers around INR 1,100. This SBI future share price forecast is based on the magazine’s optimistic view of SBI Bank’s robust balance sheet and credit cycle.

TipRanks has a 12-month average price target of INR 1010.71, with a bull case price of INR 1,170. These SBI future share price targets are mainly derived from the price targets of analysts that it tracks.

Institutional firm Motilal Oswal has set a 2026 SBI share price target of INR 1075. This price target, set in a November 19, 2025, research note, is an upgrade on the initial INR 1000 target price mentioned in a September 29, 2025, stock picks coverage. It is noteworthy that Motilal Oswal had a lower price target of INR 915 in a prior research report released in May 2025.

SBI Share Price Target 2030

Major institutional SBI share price targets for 2030 are rarely published as they tend to stick to 12-month targets. The existing 12-month targets stretch into 2026. SBI future share price forecasts that extend to 2030 are mostly found from retail-model forecasts, obtained from financial blogs and exchanges.

WalletInvestor has a 2030 SBI share price target of INR 1,550. This is based on its long-term forecast model. Another retail-focused financial is SharePrice-Target.com, which projects an SBI share price target of INR 2,011 – INR 2,430 in 2030. This represents one of the more ambitious SBI share price target 2030 calls out there.

SBI Share Price Target 2040

2040 is still fifteen years out and there are no institutional targets for this period. What you will see are projections from retail-focused blogs.

The most optimistic of the SBI share price target 2040 calls comes from SharesPrediction, with a price forecast of INR 4,200 – INR 4,500. FinanceInsightful has a SBI share price target of INR 3,198 – INR 3,500.

Technical Outlook & Support Levels

The SBI share price target this week will depend on whether the stock can break the 990.00 resistance, which is where the pullback observed this Monday is occurring.

The stock remains in an uptrend, with the rising trendline supporting price dips along the way. The latest surge from the 677.60 price mark, the 61.8% Fibonacci retracement level of the October 2023 – July 2024 upswing, broke past the 899.00 high of 15 July 2024 to maintain the uptrend.

Any further advance must depend on the uncapping of the 990.00 resistance barrier. If this succeeds, the 1,112.40 barrier formed by the 61.8% Fibonacci extension tool becomes the next available upside target.

However, continuation of the pullback from the 990.00 all-time high will first test the 899.00 price mark, now acting as role-reversed support. Below this point. 780.00 (June 2025 low) and 719.10 (50% Fibonacci retracement level) form the additional downside targets.

Factors Influencing SBI Future Growth

The leadership of SBI has declared an ambitious goal of becoming one of the top ten banks in the world by market capitalization in 2030. It has also set some internal capital targets, all of which point towards the bank’s ambition to increase its valuation in the long term. These will translate into more ambitious SBI share price targets for 2030 and beyond.

To do this, the bank must enhance the factors that will influence the growth of its stock. These growth factors are as follows:

• Loan growth expectations: this factor grew 12-% in 2025-2026, contributing to the demand for the SBI stock.
• India’s GDP Growth & Credit Cycle: a stronger Indian economy raises demand for retail loans and MSME credit. It also boosts corporate financing demand for capital expenditure, all of which could boost the future SBI bank share price.
• Deposit growth, especially the low-cost currenct account savings accounts (CASA). If there is a higher ratio of CASA deposits to total deposits, there is a greater tendency for interest costs to be lower with better lending potential. This factor will be a boost for the bank.
• Asset Quality: strong recovery numbers, and a clean credit book allows for more reinvestment into additional growth channels.
• Interest Rate Direction: The Reserve Bank of India (RBI) is currently in an easing cycle. This will make the cost of borrowing cheaper, which promotes credit growth and provides tailwinds for the SBI stock.

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