Is Unity Bancorp Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: UNTY) stock is to Strong Buy UNTY stock.
Out of 2 analysts, 1 (50%) are recommending UNTY as a Strong Buy, 1 (50%) are recommending UNTY as a Buy, 0 (0%) are recommending UNTY as a Hold, 0 (0%) are recommending UNTY as a Sell, and 0 (0%) are recommending UNTY as a Strong Sell.
What is UNTY's forecast return on equity (ROE) for 2023-2023?
(NASDAQ: UNTY) forecast ROE is 16.41%, which is considered weak.
What is UNTY's Price Target?
According to 2 Wall Street analysts that have issued a 1 year UNTY price target, the average UNTY price target is $31.75, with the highest UNTY stock price forecast at $32.00 and the lowest UNTY stock price forecast at $31.50.
On average, Wall Street analysts predict that Unity Bancorp's share price could reach $31.75 by Apr 6, 2024. The average Unity Bancorp stock price prediction forecasts a potential upside of 39.25% from the current UNTY share price of $22.80.
What is UNTY's forecast return on assets (ROA) for 2023-2023?
(NASDAQ: UNTY) forecast ROA is 1.59%, which is lower than the forecast US Banks - Regional industry average of 12.3%.
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