KBW analyst Jade Rahmani downgrades $DigitalBridge Group (DBRG.US)$ to a hold rating, and adjusts the target price from $17.75 to $14.
According to TipRanks data, the analyst has a success rate of 76.4% and a total average return of 16.5% 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 been recognized for its robust fundraising efforts so far this year. Nevertheless, projections for 2024 have been moderated in response to the anticipated schedule and composition of future fundraising activities.
Despite optimistic comments on fundraising, the challenges in converting fee-related earnings persist, as evidenced by a significant reduction in guidance during the third quarter. It is now necessary to adjust expectations downwards, yet it is anticipated that fee-related earnings growth will exceed 10% leading into 2025.
Note:
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