Bajaj Finance Shares: BNP Paribas Forecasts 19% Upside, Increases Target

Bajaj Finance Share Price: BNP Paribas Predicts 19% Upside, Sets New Target of ₹10,700

Strong Performance in 2025: Bajaj Finance shares have surged over 30% so far this year, significantly outperforming the broader market. The stock reached a record high of ₹9,258.95 on March 25.
Analysts’ Prediction: BNP Paribas analysts forecast an additional 19% rally in Bajaj Finance shares, raising their target price to ₹10,700 from ₹10,020.
Growth Outlook: The analysts expect Bajaj Finance to maintain a 20% growth trajectory until 2030, with strong earnings visibility due to favorable monetary policy easing, which will boost the company’s margins.
Earnings Forecast: The 3% increase in FY26-27 earnings estimates is attributed to enhanced visibility on monetary easing and its positive impact on net interest margin (NIM).
Valuation and Outlook: While the stock’s price-to-book ratio of 4.9x for FY26E is less attractive than before, BNP Paribas maintains an ‘Outperformance’ stance, supported by normalizing credit costs and improving margins due to a drop in borrowing costs.