ONB Stock Analysis: Buy, Sell, or Hold?
ONB - Old National Bancorp
$25.81
-0.02 (-0.08%)
▼
5d:
-5.01%
30d:
-1.15%
90d:
+8.35%
WAIT
LOW Confidence
Analysis Updated: Aug 21, 2026 12:00 AM ET
Earnings: Oct 21, 2026
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 MIXED SIGNALS: ONB shows conflicting indicators. Wait for confirmation before entering.
📊 MIXED SIGNALS: ONB shows conflicting indicators. Wait for confirmation before entering.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$35.13
Based on 7.4% avg growth
INTRINSIC VALUE TODAY
$21.81
Trading above historical range
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 8.5x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: ONB is currently trading at $25.81, which is considered oversold relative to its 30-day fair value range of $26.20 to $26.99. The stock's valuation (Forward PE: 8.9) is in line with its historical norms (8.5). At these levels, the market is pricing in 1.8% annual earnings growth. This growth rate appears achievable given the company's track record, suggesting the valuation is rational.
Technical Outlook: Technically, ONB is in a strong uptrend. The price is currently testing key support at $25.64. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: The stock scores a mixed 40/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Wall Street analysts see significant upside, with an average price target of $29.82 (+15.5%). Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, ONB is in a strong uptrend. The price is currently testing key support at $25.64. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: The stock scores a mixed 40/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Wall Street analysts see significant upside, with an average price target of $29.82 (+15.5%). Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
OVERSOLD
Historical Trading Range
$26.20 -
$26.99
Company Quality Score
52/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
78.1%
All Signals
- BULLISH: Price oversold vs 30-day range
- NEUTRAL: Mixed technical signals (40/100)
- BULLISH: High volume confirmation
- BULLISH: Trading below Wall St target ($29.82)
- NEUTRAL: Market pricing in 1.8% annual earnings growth - fairly valued
- WARNING: Composite score 52/100 in the bottom quintile — this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$26.20 -
$26.99
Current vs Trading Range
OVERSOLD
Support & Resistance Levels
Support Level
$25.64
Resistance Level
$27.34
Current Trend
Strong Uptrend
Technical data as of
Aug 21, 2026
Fundamental Context
Forward P/E (Next Year Est.)
8.93
Wall Street Target
$29.82
(+15.5%)
Revenue Growth (YoY)
28.8%
Earnings Growth (YoY)
92.9%
Profit Margin
33.3%
Valuation Premium vs History
+1.8% premium
PE vs Historical
8.9 vs 8.5
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+1.8%
(market-implied from PE analysis)
1-Year Target
$26.27
(+2%)
2-Year Target
$26.75
(+4%)
3-Year Target
$27.23
(+6%)
3-Yr Target (if PE normalizes)
(PE: 9→9)
PE COMPRESSION
$25.91
(+0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 20.1, Growth: 10.9%)
$79.00
(+206%)
Base:
(SPY PE: 8.9, Growth: 10.9%)
$35.16
(+36%)
Bear:
(PE: 7.6, Growth: 10.9%)
$29.89
(+16%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (11x PE), but valuation improves significantly next year (9x PE) as earnings recover.
Trailing PE: 11.43 | Current EPS (TTM): $2.26
Bull Case
$36.32
(+41%)
Analyst growth 27.8%, PE expands to 12.6
Base Case
$33.02
(+28%)
Market implied 27.8%, PE stable at 11.4
Bear Case
$17.56
(-32%)
Severe decline -20.0%, PE contracts to 9.7
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: August 23, 2026 1:28 AM ET
Data refreshes hourly during market hours. Next update: 2:28 AM
Data refreshes hourly during market hours. Next update: 2:28 AM
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Technical Signals Check
Is ONB showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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