Newmark Group, Inc. (NMRK)
NASDAQ: NMRK · IEX Real-Time Price · USD
9.66
-0.09 (-0.92%)
Apr 25, 2024, 4:00 PM EDT - Market closed
Newmark Group Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Newmark Group stock have an average target of 9.92, with a low estimate of 5.50 and a high estimate of 13. The average target predicts an increase of 2.69% from the current stock price of 9.66.
Analyst Consensus: Hold
* Price targets were last updated on Mar 26, 2024.
Analyst Ratings
The average analyst rating for Newmark Group stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $13 | Buy | Maintains | $13 | +34.58% | Mar 26, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $11 → $11 | Hold | Maintains | $11 → $11 | +16.46% | Feb 26, 2024 |
| Piper Sandler | Piper Sandler | Hold → Buy Upgrades $7 → $13 | Hold → Buy | Upgrades | $7 → $13 | +34.58% | 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 | -43.06% | May 9, 2023 |
Financial Forecast
Revenue This Year
2.62B
from 2.47B
Increased by 5.94%
Revenue Next Year
2.95B
from 2.62B
Increased by 12.84%
EPS This Year
1.11
from 0.24
Increased by 363.25%
EPS Next Year
1.35
from 1.11
Increased by 21.10%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.8B | 3.3B | 3.1B | 3.2B |
| Avg | 2.6B | 3.0B | 3.0B | 3.2B |
| Low | 2.4B | 2.7B | 2.9B | 3.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 11.5% | 27.6% | 4.3% | 8.5% |
| Avg | 5.9% | 12.8% | 1.3% | 5.4% |
| Low | -1.8% | 2.4% | -2.7% | 1.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.22 | 1.49 | 1.47 | 1.63 |
| Avg | 1.11 | 1.35 | 1.43 | 1.58 |
| Low | 0.95 | 1.23 | 1.37 | 1.52 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 407.5% | 34.1% | 9.2% | 14.0% |
| Avg | 363.3% | 21.1% | 6.1% | 10.7% |
| Low | 296.1% | 10.2% | 1.9% | 6.4% |
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.