Canara Bank (Large Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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Canara Bank |
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Price: ₹99.61 | ||
| 52 Week Low: ₹92.52 52 Week High: ₹632.90 |
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| Market Capital: 85,681.36 Crore (Largecap) | |||
| Financial Services -> Banks—Regional | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Canara Bank Share Price Target For 2024
- 1.1.1: Canara Bank Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: Canara Bank Share Price Target For 2025
- 1.2.1: Canara Bank Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Canara Bank Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: Canara Bank Brief Company Overview
- 4: Canara Bank Financial Performance
- 4.0.1: Is Canara Bank A Good Buy For Long Term?
To predict the Canara Bank's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Canara Bank Share Price Target For 2024
The line chart displays the monthly closing prices of Canara Bank with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Canara Bank shares in 2024, see the table below.
Canara Bank Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 104.0 (+4.40%) | Price Action: 13 Dec 2024 Low |
| 2024 Target 2 | 102.57 (+2.97%) | Price Action: 26 Nov 2024 High |
| 2024 Target 1 | 101.43 (+1.82%) | Price Action: 25 Nov 2024 High |
| Current Price | 99.61 | Canara Bank's share price as of 20 Dec 2024 |
| Stop Loss 1 | 98.8 (-0.82%) | Price Action: 18 Nov 2024 High |
| Stop Loss 2 | 97.78 (-1.84%) | Price Action: 22 Nov 2024 High |
| Stop Loss 3 | 96.31 (-3.32%) | Price Action: May 2011 High |
Short-Term Technical Outlook
Current Technical Position: Canara Bank is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 50-day moving average at ₹102.86 serves as the nearest technical reference point.
Historical Returns: 3-month: -10.53% | 6-month: -14.36% | 1-year: +16.94%
Canara Bank Share Price Target For 2025
The line chart displays the monthly closing prices of Canara Bank with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Canara Bank shares in 2025, see the table below.
Canara Bank Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 133.71 (+34.23%) | Price Action: Chart |
| 2025 Target 2 | 131.22 (+31.73%) | Price Action: Chart |
| 2025 Target 1 | 129.92 (+30.42%) | Fibonacci Extension Level 64.90% |
| Current Price | 99.61 | Canara Bank's share price as of 20 Dec 2024 |
| Stop Loss 1 | 92.52 (-7.12%) | Price Action: Nov 2024 Low |
| Stop Loss 2 | 90.76 (-8.89%) | Price Action: Dec 2010 Low |
| Stop Loss 3 | 89.82 (-9.83%) | Price Action: Sep 2010 High |
Long-Term Technical Outlook
52-Week Range Analysis: Canara Bank is currently trading near its 52-week low of ₹92.52, indicating potential value opportunity.
Long-Term Trend Analysis: The stock is in a bearish long-term trend, trading below key long-term moving averages.
Long-Term Performance: 1-year: +16.94% | 3-year: +175.09% | 5-year: +148.47%
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Approach 2: Machine Learning By Studying Historical Prices
Canara Bank Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹99.61 | ||
| 2024 | ₹74.35 | -25.36% | ₹75.47 |
| 2025 | ₹136.24 | +83.24% | ₹138.28 |
| 2026 | ₹482.65 | +254.26% | ₹489.89 |
| 2027 | ₹537.56 | +11.38% | ₹545.62 |
| 2028 | ₹512.96 | -4.58% | ₹545.51 |
| 2029 | ₹555.67 | +8.33% | ₹582.72 |
| 2030 | ₹589.27 | +6.05% | ₹619.94 |
| 2031 | ₹622.62 | +5.66% | ₹657.15 |
| 2032 | ₹684.90 | +10.00% | ₹695.17 |
| 2033 | ₹646.25 | -5.64% | ₹694.36 |
| 2034 | ₹692.93 | +7.22% | ₹731.57 |
| 2035 | ₹727.98 | +5.06% | ₹768.78 |
| 2036 | ₹762.59 | +4.75% | ₹805.99 |
| 2037 | ₹832.25 | +9.13% | ₹844.73 |
| 2038 | ₹779.55 | -6.33% | ₹843.20 |
| 2039 | ₹880.41 | +12.94% | ₹893.62 |
Note: Target 1 and Target 2 represent price levels that the stock is most likely to achieve during the respective year, based on machine learning algorithms analyzing historical price patterns and market behavior. These predictions are generated through comprehensive analysis of the stock's historical data using advanced ML models.
Canara Bank Brief Company Overview
Canara Bank: A Comprehensive Overview Established in 1906 and headquartered in Bengaluru, Canara Bank is a reputable financial institution with a strong presence in India and internationally. The bank offers a diverse range of products and services, including: ...
Personal banking: Savings and deposits, loans, insurance, and consultancy services Corporate banking: Accounts and deposits, loans and advances, syndication services, and investment banking NRI banking: Remittance facilities, loans, consultancy services, and investment opportunities Other services: Internet banking, MSME banking, and safe custody Canara Bank is committed to providing its customers with innovative and customized financial solutions. The bank has a strong reputation for its customer-centric approach and financial stability.Canara Bank Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 85,681.36 Crore | Market valuation of Canara Bank's shares. |
| Revenue (TTM) | 61,261.63 Crore | Total revenue generated by Canara Bank over the past twelve months. |
| Net Income (TTM) | +159,972,343,808.00 | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +35.96% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +26.11% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+14.80% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
+10.30% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
0.91 | Company's total debt divided by total shareholder equity. |
| Total Debt | 94,769.72 Crore | Sum of Canara Bank's current & long-term financial obligations. |
| Total Cash | 1,62,902.91 Crore | Total amount of liquid funds available to Canara Bank. |
| Beta | 0.94 | Beta is less than 1 indicating that the Canara Bank's price is less volatile than the market. |
Is Canara Bank A Good Buy For Long Term?
Canara Bank's substantial revenue (₹61,261.63 Crore TTM) and net profit (₹15,997.23 Crore TTM) with a healthy 26.11% profit margin, are positive indicators. However, the significant debt (₹94,769.72 Crore in Q2 2024-25) raises concerns, despite a large cash balance (₹1,62,902.91 Crore). The alarming negative returns over various timeframes (-77.83% YTD, -64.74% over 5 years) suggest a high-risk investment. Considering this, Canara Bank is currently a not a good buy for the long term. Further analysis is needed before considering any investment.
Disclaimer: The information provided on this page is for educational purposes only and should not be considered as financial advice. Historical performance data and technical analysis cannot guarantee future results. Stock investments are subject to market risks. Please consult with a qualified financial advisor before making any investment decisions.
All stock data shown is sourced from publicly available information and while we strive for accuracy, we cannot guarantee the absolute accuracy of all figures. Users should verify critical information from official sources before making investment decisions.
