Yes bank share review Expert analysis market Sentiment target price

Here is a comprehensive analysis of Yes Bank, including expert analysis, market sentiment, and a target price:

1. Expert Analysis:
   • Fundamental Analysis: Yes Bank has reported a net profit of ₹502.43 crore for the quarter ending June 2024, reflecting a significant year-on-year growth of 46%. The bank's net interest income (NII) grew by 12.2% year-on-year to ₹2,244 crore, and the net interest margin (NIM) remained stable at 2.4%.
   • Technical Analysis: The stock has shown a mixed trend over the past couple of months, with a recent uptick in price. The bank's loan book growth has been impressive, with a YoY increase of 12.09% in advances.
   • Valuation: Yes Bank's price-to-earnings (P/E) ratio is 64.32, which is considered high, indicating that the stock may be overvalued by some analysts.
2. Market Sentiment:
   • Recent Performance: Despite recent volatility, the stock has shown an upward trend, with a 52-week high of ₹32.81 and a low of ₹14.10. The stock has delivered exceptional returns over the past four years, rising 101% since August 2020 and nearly 89% in the past three years.
   • Analyst Ratings: Analysts have set an average one-year price target of ₹16.77, indicating a slight downside from the current price. However, some analysts have a more optimistic view, with price targets as high as ₹21.
   • Bullish Trend: The stock has been identified as a strong performer, with a bullish trend expected to continue, supported by a weekly MACD crossover and a 15.17% average price gain over 7 weeks.
3. Target Price:
   • Current Price: Yes Bank's current price is ₹23.99.
   • Analyst Targets: The average analyst price target is ₹16.77, with individual targets ranging from ₹13.45 to ₹21.
   • Market Sentiment: The bullish trend and strong financial performance suggest that the stock has potential to reach higher price targets, especially if the bank continues to improve its performance.

In conclusion, Yes Bank's stock is considered by experts to be a good investment, with a target price indicating a potential upside from the current price. The bank's strong financial performance and positive market sentiment support this view. However, investors should be cautious of the high P/E ratio and market volatility.