Wells Fargo analyst Eric Luebchow maintains $DigitalBridge Group (DBRG.US)$ with a buy rating, and adjusts the target price from $18 to $16.
According to TipRanks data, the analyst has a success rate of 56.2% and a total average return of 6.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $DigitalBridge Group (DBRG.US)$'s main analysts recently are as follows:
DigitalBridge's recent announcement reflected robust fundraising efforts thus far this year. However, adjustments were made to its 2024 guidance, which can be attributed to the specific timing and mixture of the fundraising activities.
Despite positive commentary on fundraising efforts, DigitalBridge's conversion to fee-related earnings remains difficult, with a significant reduction in guidance during the third quarter. It's necessary to adjust expectations downward, yet fee-related earnings growth is anticipated to exceed 10% going into 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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