B. Riley has revised its price target for BrightSpire Capital (BRSP, Financial), reducing it from $9 to $8, while maintaining a Buy rating. The decision comes amidst expectations of slower-than-projected loan origination and investment activities within the mortgage finance sector during the first quarter. This sluggish performance has led to a downward adjustment in earnings forecasts.
Analyst Randy Binner of B. Riley noted that these factors contributed to the firm's reevaluation of BrightSpire’s potential, signaling caution but still reflecting confidence in the stock’s longer-term prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for BrightSpire Capital Inc (BRSP, Financial) is $7.38 with a high estimate of $9.00 and a low estimate of $6.25. The average target implies an upside of 67.23% from the current price of $4.41. More detailed estimate data can be found on the BrightSpire Capital Inc (BRSP) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, BrightSpire Capital Inc's (BRSP, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for BrightSpire Capital Inc (BRSP, Financial) in one year is $6.29, suggesting a upside of 42.63% from the current price of $4.41. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the BrightSpire Capital Inc (BRSP) Summary page.
