The Lloyds (LSE: LLOY) share price has been trading strongly in the last year or so, and last week I finally bought shares in the bank.

Share price growth has been more muted in recent months, despite rising profits, a rapidly growing dividend, and an expanding buyback programme.

But I think the market is underestimating what comes next, and that’s exactly why I decided to buy the shares for the first time.

My bold prediction

By September 2027, I think Lloyds’ shares will be worth at least 144p, implying a total return of nearly 35% from today’s level once dividends are included.

My rationale is simple: the company has a track record of setting conservative targets and then…