Unity Bancorp, Inc. (UNTY)
NASDAQ: UNTY · Real-Time Price · USD
45.93
+1.00 (2.23%)
Nov 21, 2024, 3:36 PM EST - Market open
Unity Bancorp Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Unity Bancorp stock have an average target of 41.5, with a low estimate of 39 and a high estimate of 44. The average target predicts a decrease of -9.65% from the current stock price of 45.93.
Analyst Consensus: Buy
* Price targets were last updated on Oct 14, 2024.
Analyst Ratings
The average analyst rating for Unity Bancorp stock from 2 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 1 | 1 | 1 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Reiterates $40 → $44 | Buy | Reiterates | $40 → $44 | -4.20% | Oct 14, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $35 → $39 | Buy | Reiterates | $35 → $39 | -15.09% | Jul 15, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $34 → $32 | Buy | Maintains | $34 → $32 | -31.42% | Apr 6, 2023 |
| Janney Montgomery Scott | Janney Montgomery Scott | Strong Buy Initiates $32 | Strong Buy | Initiates | $32 | -30.33% | Dec 15, 2022 |
| DA Davidson | DA Davidson | Strong Buy Initiates $20 | Strong Buy | Initiates | $20 | -56.46% | Mar 10, 2020 |
Financial Forecast
Revenue This Year
108.49M
Revenue Next Year
121.36M
from 108.49M
Increased by 11.86%
EPS This Year
4.06
from 3.84
Increased by 5.81%
EPS Next Year
4.65
from 4.06
Increased by 14.51%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 111.7M | 126.4M | 140.4M |
| Avg | 108.5M | 121.4M | 134.2M |
| Low | 104.2M | 115.3M | 126.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 16.5% | 15.7% |
| Avg | - | 11.9% | 10.6% |
| Low | - | 6.2% | 4.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.19 | 4.95 | 5.82 |
| Avg | 4.06 | 4.65 | 5.33 |
| Low | 3.89 | 4.26 | 4.61 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.1% | 21.7% | 25.1% |
| Avg | 5.8% | 14.5% | 14.6% |
| Low | 1.3% | 4.9% | -1.0% |
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.