Granite Point Mortgage Trust (GPMT) Stock Forecast & Price Target

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$4.29

-0.02 (-0.46%)

(As of 11:43 AM ET)

Granite Point Mortgage Trust Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 4 Analyst Ratings

Analysts' Consensus Price Target

$6.56
52.97% Upside

High Forecast	$9.00
Average Forecast	$6.56
Low Forecast	$4.75

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Hold	Moderate Buy	Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$6.56	$7.33	$7.50	$8.75
Predicted Upside	52.97% Upside	42.56% Upside	46.54% Upside	34.88% Upside

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GPMT Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GPMT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Granite Point Mortgage Trust Stock vs. The Competition

Type	Granite Point Mortgage Trust	Finance Companies	S&P 500
Consensus Rating Score	2.25	2.43	2.49
Consensus Rating	Hold	Hold	Hold
Predicted Upside	52.62% Upside	79.25% Upside	12.06% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/10/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underperform ➝ Underperform	$5.00 ➝ $4.75	+9.45%
3/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$6.50 ➝ $6.00	+22.45%
2/20/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
2/16/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$7.00 ➝ $6.50	+36.27%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:59 AM ET.

GPMT Price Target - Frequently Asked Questions

What is Granite Point Mortgage Trust's consensus rating and price target?: According to the issued ratings of 4 analysts in the last year, the consensus rating for Granite Point Mortgage Trust stock is Hold based on the current 1 sell rating, 1 hold rating and 2 buy ratings for GPMT. The average twelve-month price prediction for Granite Point Mortgage Trust is $6.56 with a high price target of $9.00 and a low price target of $4.75. Learn more on GPMT's analyst rating history.
Do Wall Street analysts like Granite Point Mortgage Trust more than its competitors?: Analysts like Granite Point Mortgage Trust less than other Finance companies. The consensus rating score for Granite Point Mortgage Trust is 2.25 while the average consensus rating score for finance companies is 2.43. Learn more on how GPMT compares to other companies.
Is Granite Point Mortgage Trust being downgraded by Wall Street analysts?: Over the previous 90 days, Granite Point Mortgage Trust's stock had 1 downgrade by analysts.

Does Granite Point Mortgage Trust's stock price have much upside?: According to analysts, Granite Point Mortgage Trust's stock has a predicted upside of 38.74% based on their 12-month stock forecasts.
What analysts cover Granite Point Mortgage Trust?: Granite Point Mortgage Trust has been rated by JMP Securities, Keefe, Bruyette & Woods, Raymond James, and UBS Group in the past 90 days.

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This page (NYSE:GPMT) was last updated on 4/16/2024 by MarketBeat.com Staff

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Granite Point Mortgage Trust (GPMT) Stock Forecast & Price Target

Granite Point Mortgage Trust Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

GPMT Analyst Ratings By Month

GPMT Price Targets by Month

Granite Point Mortgage Trust Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

GPMT Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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