Newmark Group’s shares drew a modest lift in analyst sentiment on Friday after Keefe, Bruyette & Woods nudged its price target higher to $18.50 from $18 while keeping an outperform rating, according to MarketBeat. The revised target implies roughly 15% upside from the stock’s latest trading level, and it leaves the broader analyst picture at a Moderate Buy, with the average target also sitting at $18.50.

The broker call came on the back of a stronger-than-expected first quarter, in which Newmark reported adjusted earnings of 33 cents a share and revenue of $846.5 million, topping Wall Street forecasts. TradingView said adjusted EBITDA rose sharply as well, while the company’s quarterly revenue increased 27.2% from a year earlier, underscoring a rebound in activity across its advisory and services businesses.

Management also sharpened its full-year outlook. MarketBeat and other reports said Newmark lifted 2026 guidance to earnings per share of $1.87 to $1.98 and revenue of $3.8 billion to $3.9 billion, ranges that sit slightly above analysts’ expectations. The company also declared a quarterly dividend, a detail likely to appeal to income-focused investors as it continues to scale margins and return on equity.

Even so, the stock is still drawing mixed opinion from the Street. MarketBeat’s analyst data show six Buy ratings and two Hold calls, with target prices ranging from the high teens to the low twenties, as Barclays recently trimmed its estimate while Citizens JMP raised its own. With institutional investors holding a majority of the shares and Newmark trading well below its 52-week high, the latest guidance and earnings beat appear to have reinforced the case for cautious optimism rather than outright enthusiasm.

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Source: Noah Wire Services