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Newmark Group (NMRK) Gets a Buy from Barclays

Tipranks - Tipranks - Fri Feb 27, 3:48AM CST

Barclays analyst Brendan Lynch maintained a Buy rating on Newmark Group today and set a price target of $21.00.

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According to TipRanks, Lynch is an analyst with an average return of -1.9% and a 45.52% success rate. Lynch covers the Real Estate sector, focusing on stocks such as Cousins Properties, BXP, and SL Green Realty.

In addition to Barclays, Newmark Group also received a Buy from Piper Sandler’s Alexander Goldfarb in a report issued on February 12. However, yesterday, TipRanks – PerPlexity reiterated a Hold rating on Newmark Group (NASDAQ: NMRK).

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Based on Newmark Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.01 billion and a GAAP net loss of $28.95 million. In comparison, last year the company earned a revenue of $872.72 million and had a net profit of $45.41 million

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