Analyst Corner: SBI best placed in current cycle; target price at Rs 600
SBI has much “option value,” both in earnings (1% RoA) and multiples. Our bull case (>100% upside) reflects this. Its retail franchise has improved, and the corporate cycle is turning – we see material upside risk. Raise price target to Rs 600; we now apply a 25% bull case weight to the core.
Check the source here –Source, Financial Express.