Chicago Atlantic Real Estate Finance, Inc. (REFI)

REFI Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for REFI stock has a target of 20, which predicts a 58.35% increase from the current stock price of 12.63.

Price Target: $20 (+58.35%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$20	$20	$20	$20
Change	+58.35%	+58.35%	+58.35%	+58.35%

* Price targets were last updated on Mar 17, 2025.

Analyst Ratings

According to 1 stock analyst, the rating for REFI is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	1	1	1	1	1	0
Buy	2	2	2	2	2	1
Hold	2	2	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	3	3	3	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Aaron Hecht Citizens Capital Markets	Citizens Capital Markets	Buy Reiterates $20	Buy	Reiterates	$20	+58.35%	Mar 17, 2025
Aaron Hecht JMP Securities	JMP Securities	Buy Reiterates $20	Buy	Reiterates	$20	+58.35%	Dec 19, 2024
Aaron Grey Alliance Global Partners	Alliance Global Partners	Strong Buy Initiates $20	Strong Buy	Initiates	$20	+58.35%	Dec 17, 2024
Pablo Zuanic Zuanic & Associates	Zuanic & Associates	Buy Maintains n/a	Buy	Maintains	n/a	n/a	Dec 9, 2024
Pablo Zuanic Zuanic & Associates	Zuanic & Associates	Buy Initiates n/a	Buy	Initiates	n/a	n/a	Apr 11, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

63.19M

Increased by 13.78%

from 55.53M

Revenue Next Year

65.76M

Increased by 4.07%

from 63.19M

EPS This Year

1.75

Decreased by -7.04%

from 1.88

EPS Next Year

1.74

Decreased by -0.58%

from 1.75

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	14.47M	44.97M	56.21M	55.53M	63.19M	65.76M	72.43M
Revenue Growth	-	210.82%	24.99%	-1.20%	13.78%	4.07%	10.15%
EPS	1.96	1.82	2.11	1.88	1.75	1.74	1.91
EPS Growth	-	-7.14%	15.93%	-10.90%	-7.04%	-0.58%	9.78%
Forward PE	-	-	-	-	7.23	7.27	6.62
No. Analysts	-	-	-	-	7	7	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	65.1M	68.1M
Avg	63.2M	65.8M
Low	60.7M	62.8M

Revenue Growth

Revenue Growth	2025	2026	2027
High	17.2%	7.7%
Avg	13.8%	4.1%
Low	9.2%	-0.6%

EPS Forecast

EPS	2025	2026	2027
High	1.89	1.92
Avg	1.75	1.74
Low	1.58	1.45

EPS Growth

EPS Growth	2025	2026	2027
High	0.5%	10.0%
Avg	-7.0%	-0.6%
Low	-16.1%	-17.0%

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.