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Newmark Group Inc has a consensus price target of $13.8 based on the ratings of 6 analysts. The high is $17 issued by Piper Sandler on September 3, 2024. The low is $5.5 issued by Goldman Sachs on May 9, 2023. The 3 most-recent analyst ratings were released by Keefe, Bruyette & Woods, Piper Sandler, and Wolfe Research on September 5, 2024, September 3, 2024, and August 16, 2024, respectively. With an average price target of $16.17 between Keefe, Bruyette & Woods, Piper Sandler, and Wolfe Research, there's an implied 8.87% upside for Newmark Group Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Newmark Group (NASDAQ:NMRK) was reported by Keefe, Bruyette & Woods on September 5, 2024. The analyst firm set a price target for $16.50 expecting NMRK to rise to within 12 months (a possible 11.11% upside). 8 analyst firms have reported ratings in the last year.
The latest analyst rating for Newmark Group (NASDAQ:NMRK) was provided by Keefe, Bruyette & Woods, and Newmark Group upgraded their outperform rating.
The last upgrade for Newmark Group Inc happened on September 5, 2024 when Keefe, Bruyette & Woods raised their price target to $16.5. Keefe, Bruyette & Woods previously had a market perform for Newmark Group Inc.
The last downgrade for Newmark Group Inc happened on October 4, 2023 when Raymond James changed their price target from N/A to N/A for Newmark Group Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Newmark Group, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Newmark Group was filed on September 5, 2024 so you should expect the next rating to be made available sometime around September 5, 2025.
While ratings are subjective and will change, the latest Newmark Group (NMRK) rating was a upgraded with a price target of $13.50 to $16.50. The current price Newmark Group (NMRK) is trading at is $14.85, which is within the analyst’s predicted range.
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