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KBW Sticks to Their Buy Rating for Newmark Group (NMRK)

Tipranks - Tipranks - Tue Mar 3, 5:08AM CST

In a report released yesterday, Jade Rahmani from KBW maintained a Buy rating on Newmark Group, with a price target of $18.00.

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Rahmani covers the Real Estate sector, focusing on stocks such as Jones Lang Lasalle, CBRE Group, and American Homes. According to TipRanks, Rahmani has an average return of 13.2% and a 67.59% success rate on recommended stocks.

In addition to KBW, Newmark Group also received a Buy from Goldman Sachs’s Julien Blouin in a report issued on February 27. However, on February 25, TipRanks – OpenAI 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 net profit of $67.98 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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