NREF Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for NREF stock have an average target of 14.5, with a low estimate of 14 and a high estimate of 15. The average target predicts a decrease of -5.72% from the current stock price of 15.38.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$14	$14.5	$15	$15
Change	-8.97%	-5.72%	-2.47%	-2.47%

* Price targets were last updated on May 8, 2026.

Analyst Ratings

The average analyst rating for NREF stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	4	4	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jade Rahmani KBW	KBW	Hold Reiterates $14 → $15	Hold	Reiterates	$14 → $15	-2.47%	May 8, 2026
Crispin Love Piper Sandler	Piper Sandler	Hold Maintains $15 → $14	Hold	Maintains	$15 → $14	-8.97%	Apr 2, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

60.03M

from 157.29M

-61.83%

from 157.29M

Revenue Next Year

62.10M

from 60.03M

3.45%

from 60.03M

EPS This Year

1.69

from 1.83

-7.65%

from 1.83

EPS Next Year

1.78

from 1.69

5.52%

from 1.69

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	97.37M	40.38M	42.09M	73.09M	157.29M	60.03M	62.10M
Revenue Growth	124.26%	-58.53%	4.24%	73.65%	115.19%	-61.83%	3.45%
EPS	3.93	0.22	0.60	1.02	2.85	1.49	1.45
EPS Growth	125.83%	-94.40%	172.73%	69.45%	180.12%	-47.80%	-2.69%
Forward PE	-	-	-	-	-	10.35	10.63
No. Analysts	-	-	-	-	-	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	62.5M	64.1M
Avg	60.0M	62.1M
Low	55.2M	58.8M

Revenue Growth

Revenue Growth	2026	2027
High	-60.3%	6.8%
Avg	-61.8%	3.5%
Low	-64.9%	-2.0%

EPS Forecast

EPS	2026	2027
High	1.83	1.95
Avg	1.69	1.78
Low	1.47	1.50

EPS Growth

EPS Growth	2026	2027
High	-	15.4%
Avg	-7.7%	5.5%
Low	-19.7%	-11.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.