Unity Bancorp, Inc. (UNTY)
NASDAQ: UNTY · IEX Real-Time Price · USD
35.00
+0.73 (2.13%)
Jul 23, 2024, 4:30 PM EDT - Market closed

Unity Bancorp Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Unity Bancorp stock has a target of 39, which predicts an increase of 11.43% from the current stock price of 35.00.

Analyst Consensus: Buy
Target Low Average Median High
Price $39 $39 $39 $39
Change +11.43% +11.43% +11.43% +11.43%

Analyst Ratings

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

Recommendation Trends

Rating Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 11110
Buy 11111
Hold 00000
Sell 00000
Strong Sell 00000
Total 22221

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Buy
Reiterates
$35$39
Buy Reiterates $35$39 +11.43% Jul 15, 2024
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Buy
Maintains
$34$32
Buy Maintains $34$32 -10.00% Apr 6, 2023
Janney Montgomery Scott
Janney Montgomery Scott
Strong Buy
Initiates
$32
Strong Buy Initiates $32 -8.57% Dec 15, 2022
DA Davidson
DA Davidson
Strong Buy
Initiates
n/a
Strong Buy Initiates n/a n/a Mar 10, 2020
More Analyst Ratings

Financial Forecast

Revenue This Year
107.20M
from 99.97M
Increased by 7.23%
Revenue Next Year
116.97M
from 107.20M
Increased by 9.11%
EPS This Year
3.85
from 3.84
Increased by 0.22%
EPS Next Year
4.29
from 3.85
Increased by 11.50%
Year 2019202020212022202320242025
Revenue
65.03M70.38M88.91M93.88M99.97M107.20M116.97M
Revenue Growth
7.09%8.23%26.33%5.59%6.49%7.23%9.11%
EPS
2.142.193.433.593.843.854.29
EPS Growth
6.47%2.34%56.62%4.66%6.96%0.22%11.50%
Forward PE
-----9.098.16
No. Analysts -----55
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 110.9M 120.4M
Avg 107.2M 117.0M
Low 102.5M 112.4M

Revenue Growth

Revenue Growth 20242025
High
10.9%
12.3%
Avg
7.2%
9.1%
Low
2.6%
4.8%

EPS Forecast

EPS 20242025
High 4.02 4.50
Avg 3.85 4.29
Low 3.63 4.01

EPS Growth

EPS Growth 20242025
High
4.7%
16.8%
Avg
0.2%
11.5%
Low
-5.6%
4.2%
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.