Newtek Business Services Corp. (NEWT)
NASDAQ: NEWT · IEX Real-Time Price · USD
12.73
+0.21 (1.72%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Newtek Business Services Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for NEWT stock have an average target of 14.5, with a low estimate of 11 and a high estimate of 18. The average target predicts an increase of 13.95% from the current stock price of 12.73.
Analyst Consensus: Buy
* Price targets were last updated on Mar 20, 2024.
Analyst Ratings
The average analyst rating for NEWT 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $16 → $13 | Hold | Maintains | $16 → $13 | +2.16% | Mar 20, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $13 → $11 | Hold | Maintains | $13 → $11 | -13.56% | Mar 18, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $17 → $16 | Hold | Maintains | $17 → $16 | +25.74% | Mar 7, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $19 → $18 | Strong Buy | Reiterates | $19 → $18 | +41.45% | Mar 7, 2024 |
| Compass Point | Compass Point | Hold Maintains $11 → $16 | Hold | Maintains | $11 → $16 | +25.74% | Aug 30, 2023 |
Financial Forecast
Revenue This Year
257.27M
from 191.70M
Increased by 34.20%
Revenue Next Year
272.78M
from 257.27M
Increased by 6.03%
EPS This Year
1.94
from 1.88
Increased by 3.42%
EPS Next Year
2.17
from 1.94
Increased by 11.79%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 265.3M | 280.8M |
| Avg | 257.3M | 272.8M |
| Low | 246.7M | 262.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 38.4% | 9.1% |
| Avg | 34.2% | 6.0% |
| Low | 28.7% | 1.9% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 2.10 | 2.36 |
| Avg | 1.94 | 2.17 |
| Low | 1.79 | 1.97 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 11.7% | 21.5% |
| Avg | 3.4% | 11.8% |
| Low | -4.6% | 1.3% |
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.