Raymond James analyst Ric Prentiss maintains $DigitalBridge Group (DBRG.US)$ with a buy rating, and adjusts the target price from $19 to $16.
According to TipRanks data, the analyst has a success rate of 56.2% and a total average return of 0.3% 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 has shown robust fundraising activities for the year to date. However, its guidance for 2024 has been adjusted downward, attributed to the timing and mixture of its fundraising efforts.
Despite positive remarks on fundraising, there are continued challenges in FRE conversion, accompanied by a significant reduction in guidance during the third quarter. It's necessary to adjust expectations downward, yet it is anticipated that FRE growth will 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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