Key Highlights:
- Piper Sandler elevates Rithm Capital to "Overweight" amid strong growth potential and undervalued stock.
- Wall Street analysts suggest a promising upside with an average target price of $13.55.
- GF Value indicates potential downside, underscoring differing market perspectives.
Piper Sandler has upgraded Rithm Capital (RITM, Financial) to an "Overweight" status, identifying a disparity between its robust underlying performance and the current discounted stock price. Despite facing a setback in Q1 revenue attributed to mortgage servicing write-downs, analysts at Piper Sandler foresee significant returns and growth possibilities. This upgrade has positively impacted the stock, resulting in a 2.4% price increase.
Wall Street Analysts Forecast
According to projections from 10 analysts, the one-year average price target for Rithm Capital Corp (RITM, Financial) stands at $13.55, with the most optimistic estimates reaching $16.00 and the most conservative at $12.50. This average target suggests a promising upside potential of 25.58% from the current trading price of $10.79. For further detailed estimates, visit the Rithm Capital Corp (RITM) Forecast page.
Consensus among 11 brokerage firms designates Rithm Capital Corp (RITM, Financial) with an average brokerage recommendation of 1.6, signifying an "Outperform" status. The rating scale spans from 1 to 5, where 1 means Strong Buy, and 5 indicates Sell.
In contrast, GuruFocus estimates reveal the projected GF Value for Rithm Capital Corp (RITM, Financial) in one year at $8.31, pointing towards a potential downside of 22.98% from the current price of $10.79. The GF Value is a metric developed by GuruFocus to estimate the fair market value at which the stock should trade, incorporating historical trading multiples, past growth trends, and future performance estimates. More comprehensive data is accessible on the Rithm Capital Corp (RITM) Summary page.
