Granite Point Mortgage Trust Inc. (GPMT)
NYSE: GPMT · IEX Real-Time Price · USD
4.710
-0.010 (-0.21%)
Mar 28, 2024, 9:32 AM EDT - Market open
GPMT Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for GPMT stock have an average target of 6.50, which predicts an increase of 38.00% from the current stock price of 4.71.
Analyst Consensus: Buy
* Price targets were last updated on Feb 16, 2024.
Analyst Ratings
The average analyst rating for GPMT stock from 3 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 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 0 | 0 | 1 | 1 | 1 | 1 |
Buy | 2 | 2 | 2 | 2 | 1 | 1 |
Hold | 0 | 0 | 0 | 0 | 1 | 1 |
Sell | 1 | 1 | 1 | 1 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 3 | 3 | 4 | 4 | 3 | 3 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
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 | +38.00% | Feb 16, 2024 |
UBS | UBS | Strong Buy Initiates $6.5 | Strong Buy | Initiates | $6.5 | +38.00% | Dec 6, 2023 |
JMP Securities | JMP Securities | Buy Reiterates $9 | Buy | Reiterates | $9 | +91.08% | Aug 17, 2023 |
Raymond James | Raymond James | Buy Maintains $9 → $7 | Buy | Maintains | $9 → $7 | +48.62% | May 12, 2023 |
Financial Forecast
Revenue This Year
69.82M
from -19.81M
Revenue Next Year
80.73M
from 69.82M
Increased by 15.63%
EPS This Year
-0.47
from -1.50
EPS Next Year
0.54
from -0.47
Revenue Forecast
Revenue | 2024 | 2025 |
---|---|---|
High | 79.8M | 91.0M |
Avg | 69.8M | 80.7M |
Low | 59.7M | 70.2M |
Revenue Growth
Revenue Growth | 2024 | 2025 |
---|---|---|
High | - | 30.4% |
Avg | - | 15.6% |
Low | - | 0.5% |
EPS Forecast
EPS | 2024 | 2025 |
---|---|---|
High | -0.22 | 0.65 |
Avg | -0.47 | 0.54 |
Low | -0.66 | 0.42 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
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.