ING Groep (ING) Target Raised to €28 on Earnings and Cost Cuts

Sheryar Siddiq

Sun, February 15, 2026 at 11:11 PM GMT+9 1 min read

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ING

-1.80%

ING Groep N.V. (NYSE:ING) ranks among the best undervalued European stocks to buy now. On February 3, Deutsche Bank upgraded ING Groep N.V. (NYSE:ING) to Buy from Hold and boosted its target price to €28 from €25, citing solid results, including net interest income and fee beats, as well as cost reduction. According to analyst Benjamin Goy, ING capitalizes on above-average growth in volume, an extensive replicating portfolio, and fee income rise, which is backed by share increases.

The analyst stated that Deutsche Bank boosted its projections significantly following the results. ING Groep N.V. (NYSE:ING) is trading at 8.7 times EPS, boasts a total yield of 9%, and is valued at 1.35 times tangible book value, according to 2027 projections, delivering a 16% return on tangible equity.

Even with decreased consensus projections, ING Groep N.V. (NYSE:ING) trades at a price premium to European banks, a difference that Deutsche Bank recently said had increased to a six-month high of -8%.

ING Groep N.V. (NYSE:ING) is a Dutch multinational banking and financial services company that operates in five business segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking.

While we acknowledge the potential of ING as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

**READ NEXT: 10 Best Magic Formula Stocks for 2025 and **10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.

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