J.P. Morgan analyst Richard Choe maintains $DigitalBridge Group (DBRG.US)$ with a buy rating, and adjusts the target price from $23 to $20.
According to TipRanks data, the analyst has a success rate of 68.8% and a total average return of 8.7% 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 year-to-date fundraising has been reported as solid, yet there has been a revision in the 2024 guidance owing to the anticipated timing and mix of fundraising activities.
Despite positive remarks on fundraising, the analyst notes that the transition to fee-related earnings remains difficult, highlighted by a significant guidance reduction in the third quarter. It is now necessary to adjust expectations downwards. Nonetheless, fee-related earnings growth is anticipated to exceed 10% heading into 2025.
Note:
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