NREF Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for NREF stock have an average target of 14.25, with a low estimate of 14 and a high estimate of 14.5. The average target predicts a decrease of -3.52% from the current stock price of 14.77.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$14	$14.25	$14.5	$14.5
Change	-5.21%	-3.52%	-1.83%	-1.83%

Analyst Ratings

The average analyst rating for NREF stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	3	4	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	4	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jade Rahmani Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $15 → $15	Hold	Maintains	$15 → $15	-1.83%	May 2, 2025
Jade Rahmani Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $16 → $15	Hold	Maintains	$16 → $15	+1.56%	Apr 7, 2025
Jade Rahmani Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $16 → $16	Hold	Maintains	$16 → $16	+8.33%	Mar 3, 2025
Jade Rahmani Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $17 → $16	Hold	Maintains	$17 → $16	+4.94%	Jan 14, 2025
Chris Muller JMP Securities	JMP Securities	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Jan 10, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

90.86M

from 73.09M

24.31%

from 73.09M

Revenue Next Year

96.19M

from 90.86M

5.86%

from 90.86M

EPS This Year

2.03

from 1.02

99.64%

from 1.02

EPS Next Year

1.98

from 2.03

-2.51%

from 2.03

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	43.42M	97.37M	40.38M	42.09M	73.09M	90.86M	96.19M
Revenue Growth	28.99%	124.26%	-58.53%	4.24%	73.65%	24.31%	5.86%
EPS	1.74	3.93	0.22	0.60	1.02	2.03	1.98
EPS Growth	-	125.83%	-94.40%	172.73%	69.45%	99.64%	-2.51%
Forward PE	-	-	-	-	-	7.28	7.46
No. Analysts	-	-	-	-	-	6	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	99.9M	107.3M
Avg	90.9M	96.2M
Low	81.4M	84.7M

Revenue Growth

Revenue Growth	2025	2026
High	36.6%	18.1%
Avg	24.3%	5.9%
Low	11.4%	-6.8%

EPS Forecast

EPS	2025	2026
High	2.36	2.18
Avg	2.03	1.98
Low	1.70	1.71

EPS Growth

EPS Growth	2025	2026
High	132.4%	7.6%
Avg	99.6%	-2.5%
Low	66.8%	-16.0%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.