KBW analyst Jade Rahmani maintains $DigitalBridge Group (DBRG.US)$ with a hold rating, and maintains the target price at $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:
Analysts noted that DigitalBridge displayed commendable fundraising efforts thus far this year, yet adjusted their 2024 guidance in response to the anticipated schedule and composition of the fundraising activities.
Despite optimistic remarks on fundraising, the conversion to Fee-Related Earnings (FRE) remains problematic, with a significant guidance reduction observed in the third quarter. It is necessary to adjust expectations downward, but it is anticipated that FRE growth will continue 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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