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Redwood Trust Inc has a consensus price target of $8.32 based on the ratings of 15 analysts. The high is $9.5 issued by Raymond James on September 19, 2024. The low is $7 issued by Wedbush on August 2, 2024. The 3 most-recent analyst ratings were released by Jones Trading, JP Morgan, and JMP Securities on October 31, 2024, October 17, 2024, and October 4, 2024, respectively. With an average price target of $8.33 between Jones Trading, JP Morgan, and JMP Securities, there's an implied 15.74% upside for Redwood Trust Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Redwood Trust (NYSE:RWT) was reported by Jones Trading on October 31, 2024. The analyst firm set a price target for $8.00 expecting RWT to rise to within 12 months (a possible 11.11% upside). 27 analyst firms have reported ratings in the last year.
The latest analyst rating for Redwood Trust (NYSE:RWT) was provided by Jones Trading, and Redwood Trust maintained their buy rating.
The last upgrade for Redwood Trust Inc happened on December 5, 2023 when BTIG raised their price target to $8.5. BTIG previously had a neutral for Redwood Trust Inc.
The last downgrade for Redwood Trust Inc happened on April 11, 2024 when Wedbush changed their price target from N/A to N/A for Redwood Trust Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Redwood Trust, 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 Redwood Trust was filed on October 31, 2024 so you should expect the next rating to be made available sometime around October 31, 2025.
While ratings are subjective and will change, the latest Redwood Trust (RWT) rating was a maintained with a price target of $7.55 to $8.00. The current price Redwood Trust (RWT) is trading at is $7.20, which is out of the analyst’s predicted range.
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