Newmark Group, Inc. (NMRK)
NASDAQ: NMRK · IEX Real-Time Price · USD
10.02
+0.18 (1.83%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Newmark Group Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Newmark Group stock have an average target of 12.13, with a low estimate of 11.25 and a high estimate of 13. The average target predicts an increase of 21.06% from the current stock price of 10.02.
Analyst Consensus: Hold
* Price targets were last updated on Mar 26, 2024.
Analyst Ratings
The average analyst rating for Newmark Group stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $13 | Buy | Maintains | $13 | +29.74% | Mar 26, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $11 → $11 | Hold | Maintains | $11 → $11 | +12.28% | Feb 26, 2024 |
| Piper Sandler | Piper Sandler | Hold → Buy Upgrades $7 → $13 | Hold → Buy | Upgrades | $7 → $13 | +29.74% | Dec 20, 2023 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Oct 4, 2023 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $6.25 → $5.5 | Strong Sell | Maintains | $6.25 → $5.5 | -45.11% | May 9, 2023 |
Financial Forecast
Revenue This Year
2.64B
from 2.47B
Increased by 6.66%
Revenue Next Year
2.96B
from 2.64B
Increased by 12.49%
EPS This Year
1.09
from 0.24
Increased by 353.33%
EPS Next Year
1.35
from 1.09
Increased by 24.37%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.8B | 3.3B | 3.1B | 3.3B | 3.4B |
| Avg | 2.6B | 3.0B | 3.0B | 3.2B | 3.3B |
| Low | 2.5B | 2.7B | 2.9B | 3.0B | 3.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.0% | 23.9% | 4.1% | 8.6% | 8.8% |
| Avg | 6.7% | 12.5% | 1.1% | 5.5% | 5.7% |
| Low | -0.8% | 3.1% | -2.8% | 1.4% | 1.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.19 | 1.49 | 1.47 | 1.63 | 1.79 |
| Avg | 1.09 | 1.35 | 1.43 | 1.58 | 1.73 |
| Low | 0.95 | 1.23 | 1.37 | 1.52 | 1.67 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 394.4% | 37.0% | 8.6% | 14.0% | 12.9% |
| Avg | 353.3% | 24.4% | 5.5% | 10.7% | 9.7% |
| Low | 296.1% | 12.6% | 1.4% | 6.4% | 5.4% |
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.