Newtek Business Services Corp. (NEWT)
NASDAQ: NEWT · IEX Real-Time Price · USD
12.20
-0.28 (-2.24%)
At close: Jun 21, 2024, 4:00 PM
12.01
-0.19 (-1.56%)
After-hours: Jun 21, 2024, 7:23 PM EDT

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 18.85% from the current stock price of 12.20.

Analyst Consensus: Buy
Target Low Average Median High
Price $11 $14.5 $16 $18
Change -9.84% +18.85% +31.15% +47.54%
* 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 '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 111111
Buy 000000
Hold 333333
Sell 000000
Strong Sell 000000
Total 444444

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 +6.56% Mar 20, 2024
Piper Sandler
Piper Sandler
Hold
Maintains
$13$11
Hold Maintains $13$11 -9.84% Mar 18, 2024
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Hold
Maintains
$17$16
Hold Maintains $17$16 +31.15% Mar 7, 2024
B. Riley Securities
B. Riley Securities
Strong Buy
Reiterates
$19$18
Strong Buy Reiterates $19$18 +47.54% Mar 7, 2024
Compass Point
Compass Point
Hold
Maintains
$11$16
Hold Maintains $11$16 +31.15% Aug 30, 2023
More Analyst Ratings

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%
Year 2019202020212022202320242025
Revenue
59.30M92.20M147.76M105.17M191.70M257.27M272.78M
Revenue Growth
19.75%55.50%60.26%-28.82%82.28%34.20%6.03%
EPS
2.131.593.691.341.881.942.17
EPS Growth
11.52%-25.35%132.08%-63.69%40.30%3.42%11.79%
Forward PE
-----6.275.61
No. Analysts -----86
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 265.3M 280.8M
Avg 257.3M 272.8M
Low 246.7M 262.1M

Revenue Growth

Revenue Growth 20242025
High
38.4%
9.1%
Avg
34.2%
6.0%
Low
28.7%
1.9%

EPS Forecast

EPS 20242025
High 2.10 2.36
Avg 1.94 2.17
Low 1.79 1.97

EPS Growth

EPS Growth 20242025
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.