Newtek Business Services Corp. (NEWT)
NASDAQ: NEWT · IEX Real-Time Price · USD
11.00
-0.07 (-0.63%)
At close: Mar 28, 2024, 4:00 PM
11.32
+0.32 (2.91%)
After-hours: Mar 28, 2024, 6:45 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 31.82% from the current stock price of 11.00.
Analyst Consensus: Buy
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 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '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 | +18.18% | Mar 20, 2024 |
Piper Sandler | Piper Sandler | Hold Maintains $13 → $11 | Hold | Maintains | $13 → $11 | n/a | Mar 18, 2024 |
Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $17 → $16 | Hold | Maintains | $17 → $16 | +45.45% | Mar 7, 2024 |
B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $19 → $18 | Strong Buy | Reiterates | $19 → $18 | +63.64% | Mar 7, 2024 |
Compass Point | Compass Point | Hold Maintains $11 → $16 | Hold | Maintains | $11 → $16 | +45.45% | Aug 30, 2023 |
Financial Forecast
Revenue This Year
216.77M
from 86.24M
Increased by 151.35%
Revenue Next Year
245.34M
from 216.77M
Increased by 13.18%
EPS This Year
1.71
from 1.34
Increased by 27.63%
EPS Next Year
1.88
from 1.71
Increased by 9.91%
Revenue Forecast
Revenue | 2023 | 2024 | 2025 |
---|---|---|---|
High | 224.5M | 252.9M | 262.4M |
Avg | 216.8M | 245.3M | 254.9M |
Low | 207.0M | 235.4M | 244.9M |
Revenue Growth
Revenue Growth | 2023 | 2024 | 2025 |
---|---|---|---|
High | 160.3% | 16.6% | 7.0% |
Avg | 151.3% | 13.2% | 3.9% |
Low | 140.0% | 8.6% | -0.2% |
EPS Forecast
EPS | 2023 | 2024 | 2025 |
---|---|---|---|
High | 1.79 | 2.10 | 2.52 |
Avg | 1.71 | 1.88 | 2.15 |
Low | 1.62 | 1.72 | 1.84 |
EPS Growth
EPS Growth | 2023 | 2024 | 2025 |
---|---|---|---|
High | 33.2% | 22.8% | 34.1% |
Avg | 27.6% | 9.9% | 14.4% |
Low | 20.7% | 0.9% | -2.0% |
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.