INDI trades 69.4% below Wall Street's consensus target of $4.88.
Last 12 months price action with 12-month analyst target path
The base valuation assumes INDI achieves its forward estimates and maintains a stable P/E multiple of historical averagesx. This scenario reflects the blended consensus of 8 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of October 2, 2026, indie Semiconductor, Inc. (INDI) has a Wall Street consensus price target of $4.88, based on estimates from 8 covering analysts. With the stock currently trading at $2.97, this represents a potential upside of +69.4%. The company has a market capitalization of $628M.
Analyst price targets range from a low of $4.75 to a high of $5.00, representing a 5% spread in expectations. The median target of $4.88 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 6 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, INDI trades at a trailing P/E of -4.1x. Analysts expect EPS to grow +75.5% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 MPWRMonolithic Power Systems, Inc. | $70.7B | $1439.73 | $1827.25 | +34.3% | Buy | 49.6x | 25 |
 ALGMAllegro MicroSystems, Inc. | $7.4B | $39.53 | $56.17 | +54.4% | Buy | 68.5x | 13 |
 DIODDiodes Incorporated | $4.8B | $103.84 | $192.00 | +96.9% | Buy | 30.0x | 13 |
 SITMSiTime Corporation | $18.7B | $709.44 | $751.43 | +10.7% | Buy | 60.5x | 9 |
 AEVAAeva Technologies, Inc. | $997M | $14.76 | $28.75 | +101.2% | Buy | — | 8 |
 MCHPMicrochip Technology Incorporated | $44.2B | $81.32 | $110.50 | +40.8% | Buy | 50.1x | 46 |
 ONON Semiconductor Corporation | $33.0B | $84.89 | $99.50 | +24.3% | Buy | 25.0x | 47 |
 TXNTexas Instruments Incorporated | $268.3B | $293.80 | $325.00 | +15.5% | Buy | 33.0x | 65 |
 ADIAnalog Devices, Inc. | $203.2B | $417.15 | $480.24 | +18.7% | Buy | 31.4x | 54 |
 NXPINXP Semiconductors N.V. | $61.4B | $243.66 | $285.00 | +19.2% | Buy | 15.9x | 46 |
Quick answers to the most common questions about buying INDI stock.
The consensus Wall Street price target for INDI is $4.88, representing 69.4% upside from the current price of $2.97. With 8 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
INDI has a consensus rating of "Buy" based on 8 Wall Street analysts. The rating breakdown is predominantly bullish, with 6 Buy/Strong Buy ratings. The consensus 12-month price target of $4.88 implies 69.4% upside from current levels.
INDI's current price is $2.97 with a consensus target of $4.88 (69.4% implied move). Analyst estimates suggest the stock is undervalued at current levels.
The most bullish Wall Street analyst has a price target of $5 for INDI, while the most conservative target is $4.75. The consensus of $4.88 represents the median expectation. These targets typically reflect 12-month expectations.
INDI is moderately covered, with 8 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 6 have Buy ratings, 2 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month INDI stock forecast based on 8 Wall Street analysts shows a consensus price target of $4.88, with estimates ranging from $4.75 (bear case) to $5 (bull case). The median consensus rating is "Buy".
Wall Street analysts are very optimistic on INDI, with a "Buy" consensus rating and $4.88 price target (69.4% upside). 6 of 8 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
INDI analyst price targets range from $4.75 to $5, a 5% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $4.88 consensus represents the middle ground.
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