Analyst Expectations for Redwood Trust's Future
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 4 Wall Street analysts have provided ratings for Redwood Trust (NYSE:RWT), with 3 being bullish and 1 somewhat bullish. There have been no bearish or somewhat bearish ratings. The average 12-month price target among these analysts is $8.88, which is a 1.33% decrease from the previous target of $9.00. The ratings suggest a positive outlook for RWT stock.
December 06, 2023 | 3:00 pm
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POSITIVE IMPACT
Redwood Trust has received positive ratings from analysts, with an average price target suggesting a slight decrease from the previous target. The overall positive sentiment may influence the stock's short-term performance.
The unanimous positive ratings from analysts indicate a strong confidence in Redwood Trust's future performance. Although the average price target has been slightly reduced, the continued bullish sentiment is likely to be viewed favorably by investors, potentially leading to a positive short-term impact on RWT's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100