The ANZ Group Holdings Ltd (ASX: ANZ) share price has risen by close to 30% over the past 12 months, and some analysts have given their view on whether the ASX bank share can continue this run.
Past performance is not a guarantee of future performance, but some investors may think that the bank could make even more gains from this situation.
ANZ has expanded its business by buying Suncorp Bank, giving it greater scale and a greater presence in Queensland.
We're going to look at price targets for ANZ shares. A price target is where the broker thinks the share price will be in 12 months' time. Analysts don't have crystal balls, but they're taking into account a company's recent operational trading, earnings momentum, valuation, and what might happen within the next year.
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UBS
The broker UBS currently has a neutral rating on the ASX bank share, with a price target of $32.
From the current level, this suggests that ANZ may be able to achieve a slight rise over the next 12 months. However, that also means the next 12 months could be disappointing for shareholders compared to the last year.
UBS is neutral on the bank because the ANZ share price is close to its price target.
The broker noted that ANZ is achieving "better than expected bad debts as write offs continue to remain below historical averages" and that non-interest income revenue is higher, driven by an "expected rebound in markets performance".
However, UBS notes ongoing competition in the banking space, which is a headwind for profitability.
Consensus ANZ share price target
According to TradingView, the average ANZ share price target from a group of analysts from different institutions is $28.60, which implies they collectively believe ANZ shares are going to fall by roughly 10% over the next year.
The maximum price target is $34, while the minimum price target is $21.32, according to TradingView. That pessimistic price target implies a possible drop of more than 30% over the next year if it comes true.
Of the ratings that TradingView has collated, there are two buy ratings, six hold ratings and six sell ratings. In other words, the average view on the ASX bank share is more pessimistic than optimistic.
Overall, the business needs to grow profit to excite investors and justify further growth of the ANZ share price.
UBS is forecasting profit growth for ANZ in the 2025 financial year to $7.06 billion, but then for it to decline slightly in FY26 to $7.04 billion. Time will tell if ANZ can drive its earnings higher in the longer term with strong competition and high interest rates.
