Is Newtekone Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: NEWT) stock is to Buy NEWT stock.
Out of 2 analysts, 1 (50%) are recommending NEWT as a Strong Buy, 0 (0%) are recommending NEWT as a Buy, 1 (50%) are recommending NEWT as a Hold, 0 (0%) are recommending NEWT as a Sell, and 0 (0%) are recommending NEWT as a Strong Sell.
What is NEWT's forecast return on equity (ROE) for 2023-2023?
(NASDAQ: NEWT) forecast ROE is 36.69%, which is considered strong.
What is NEWT's Price Target?
According to 2 Wall Street analysts that have issued a 1 year NEWT price target, the average NEWT price target is $18.50, with the highest NEWT stock price forecast at $21.00 and the lowest NEWT stock price forecast at $16.00.
On average, Wall Street analysts predict that Newtekone's share price could reach $18.50 by Aug 30, 2024. The average Newtekone stock price prediction forecasts a potential upside of 25% from the current NEWT share price of $14.80.
What is NEWT's forecast return on assets (ROA) for 2023-2023?
(NASDAQ: NEWT) forecast ROA is 5.64%, which is lower than the forecast US Banks - Regional industry average of 21.14%.
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