New York Mortgage Trust (NYMT) Stock Forecast & Price Target

$5.80 -0.14 (-2.36%)

(As of 11/20/2024 ET)

New York Mortgage Trust - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 4 Analyst Ratings

Sell
0

Hold
3

Buy
1

Based on 4 Wall Street analysts who have issued ratings for New York Mortgage Trust in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 3 have given a hold rating, and 1 has given a buy rating for NYMT.

Consensus Price Target

$7.75
33.62% Upside

According to the 4 analysts' twelve-month price targets for New York Mortgage Trust, the average price target is $7.75. The highest price target for NYMT is $11.00, while the lowest price target for NYMT is $6.00. The average price target represents a forecasted upside of 33.62% from the current price of $5.80.

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NYMT Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$7.75	$7.75	$7.75	$12.80
Forecasted Upside	33.62% Upside	45.95% Upside	16.54% Upside	48.32% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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NYMT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NYMT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

New York Mortgage Trust Stock vs. The Competition

Type	New York Mortgage Trust	Finance Companies	S&P 500
Consensus Rating Score	2.25	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	33.62% Upside	12.90% Upside	9.81% Upside
News Sentiment Rating	Positive News See Recent NYMT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/13/2024	Janney Montgomery Scott 2 of 5 stars	Initiated Coverage	Neutral	$7.00	+14.38%
5/8/2024	UBS Group 4 of 5 stars	Lower Target	Neutral ➝ Neutral	$7.50 ➝ $6.00	-0.50%
5/3/2024	Keefe, Bruyette & Woods 4 of 5 stars	Lower Target	Market Perform ➝ Market Perform	$8.50 ➝ $7.00	+11.73%
3/25/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$15.00 ➝ $11.00	+56.47%
5/9/2023	Maxim Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$14.00 ➝ $13.00	+31.71%
3/1/2023	Jonestrading Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold
2/24/2023	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$12.00	+9.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:40 AM ET.

NYMT Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for New York Mortgage Trust is $7.75, with a high forecast of $11.00 and a low forecast of $6.00.
: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New York Mortgage Trust in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NYMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NYMT, but not buy additional shares or sell existing shares.
: According to analysts, New York Mortgage Trust's stock has a predicted upside of 33.62% based on their 12-month stock forecasts.
: Analysts like New York Mortgage Trust less than other "finance" companies. The consensus rating score for New York Mortgage Trust is 2.25 while the average consensus rating score for "finance" companies is 2.49. Learn more on how NYMT compares to other companies.

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This page (NASDAQ:NYMT) was last updated on 11/21/2024 by MarketBeat.com Staff

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New York Mortgage Trust (NYMT) Stock Forecast & Price Target