Keefe Bruyette Cuts Target Price on Newmark Group (NMRK), Following Q4 Earnings

Newmark Group Inc. (NASDAQ:NMRK) is one of the 15 Most Undervalued NASDAQ Stocks to Buy According to Wall Street Analyst.

Keefe Bruyette, on March 2, reduced its target price on Newmark by 18.2% to $18 (from $22) and retained the firm’s Outperform call on the stock. The firm thinks the stock looks attractive at its current valuation despite the recent volatility (the stock is down ~16% year-to-date).

This target price update comes on the heels of the release of the company’s Q4 2025 earnings report on February 25. Newmark had a solid quarter, with adjusted earnings per share growing ~24% YoY to $0.68 (narrowly beating the street consensus estimate of $0.66). Management attributed the strong earnings growth to strong volume growth across the leasing, capital markets, and valuation segments in the United States. The volume growth, in turn, was supported by modest headcount growth, thereby improving profit margins due to productivity gains.

Management expects this strong quarter to carry over in FY 2026. They expect revenue to organically grow in the low-to-mid teens. Margins will continue to expand as well, especially once the non-US operations ramp up, which would lead to mid-to-high teens growth in adjusted EBITDA.

Newmark Group Inc. (NASDAQ:NMRK) provides commercial real estate services. The company is based in New York, New York, and was founded in 1929.

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