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 an increase of 5.84% from the current stock price of 39.21.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$39	$41.5	$44	$44
Change	-0.54%	+5.84%	+12.22%	+12.22%

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	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	1	1	0	0	0	0
Buy	1	1	1	1	1	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	2	1	1	1	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Justin Crowley Piper Sandler	Piper Sandler	Buy Reiterates $40 → $44	Buy	Reiterates	$40 → $44	+12.22%	Oct 14, 2024
Christopher O'Connell Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Buy Reiterates $35 → $39	Buy	Reiterates	$35 → $39	-0.54%	Jul 15, 2024
Christopher O'Connell Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Buy Maintains $34 → $32	Buy	Maintains	$34 → $32	-19.66%	Apr 6, 2023
Jake Civiello Janney Montgomery Scott	Janney Montgomery Scott	Strong Buy Initiates $32	Strong Buy	Initiates	$32	-18.39%	Dec 15, 2022
David Bishop DA Davidson	DA Davidson	Strong Buy Initiates $20	Strong Buy	Initiates	$20	-48.99%	Mar 10, 2020

More Analyst Ratings

Financial Forecast

Revenue This Year

105.80M

Revenue Next Year

117.04M

from 105.80M

10.62%

from 105.80M

EPS This Year

3.85

from 3.84

0.25%

from 3.84

EPS Next Year

4.39

from 3.85

14.16%

from 3.85

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025
Revenue	-	-	-	-	-	105.80M	117.04M
Revenue Growth	7.60%	8.23%	26.33%	5.59%	6.49%	-	10.62%
EPS	2.14	2.19	3.43	3.59	3.84	3.85	4.39
EPS Growth	6.47%	2.34%	56.62%	4.66%	6.96%	0.25%	14.16%
Forward PE	-	-	-	-	-	10.19	8.92
No. Analysts	-	-	-	-	-	5	5

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

Revenue Forecast

Revenue	2024	2025
High	109.0M	121.6M
Avg	105.8M	117.0M
Low	101.6M	111.4M

Revenue Growth

Revenue Growth	2024	2025
High	-	15.0%
Avg	-	10.6%
Low	-	5.3%

EPS Forecast

EPS	2024	2025
High	4.01	4.68
Avg	3.85	4.39
Low	3.64	4.12

EPS Growth

EPS Growth	2024	2025
High	4.5%	21.5%
Avg	0.2%	14.2%
Low	-5.3%	6.9%

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.