Granite Point Mortgage Trust Inc. (GPMT)
NYSE: GPMT · IEX Real-Time Price · USD
3.060
+0.060 (2.00%)
At close: Jul 19, 2024, 4:00 PM
3.090
+0.030 (0.98%)
Pre-market: Jul 22, 2024, 4:01 AM EDT
GPMT Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for GPMT stock have an average target of 5.25, with a low estimate of 3.25 and a high estimate of 6.50. The average target predicts an increase of 71.57% from the current stock price of 3.06.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for GPMT stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Sell Maintains $3.85 → $3.25 | Sell | Maintains | $3.85 → $3.25 | +6.21% | Jul 10, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Sell Maintains $5 → $4.75 | Sell | Maintains | $5 → $4.75 | +55.23% | Apr 10, 2024 |
| UBS | UBS | Strong Buy Maintains $6.5 → $6 | Strong Buy | Maintains | $6.5 → $6 | +96.08% | Mar 20, 2024 |
| JMP Securities | JMP Securities | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Feb 20, 2024 |
| Raymond James | Raymond James | Buy Maintains $7 → $6.5 | Buy | Maintains | $7 → $6.5 | +112.42% | Feb 16, 2024 |
Financial Forecast
Revenue This Year
53.42M
from -19.81M
Revenue Next Year
65.82M
from 53.42M
Increased by 23.22%
EPS This Year
-0.98
from -1.50
EPS Next Year
-0.83
from -0.98
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 72.0M | 73.2M | 88.1M |
| Avg | 53.4M | 65.8M | 85.6M |
| Low | 41.2M | 58.0M | 82.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 37.0% | 33.8% |
| Avg | - | 23.2% | 30.0% |
| Low | - | 8.6% | 24.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.53 | 0.20 | 0.75 |
| Avg | -0.98 | -0.83 | 0.72 |
| Low | -1.23 | -1.48 | 0.70 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.