Ready Capital (RC) Stock Forecast, Price Target & Predictions
RC Stock Forecast
Ready Capital stock forecast is as follows: an average price target of $9.00 (represents a 16.73% upside from RC’s last price of $7.71) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
RC Price Target
The average price target for Ready Capital (RC) is $9.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $9.00 to $9.00. This represents a potential 16.73% upside from RC's last price of $7.71.
RC Analyst Ratings
According to 4 Wall Street analysts, Ready Capital's rating consensus is 'Buy'. The analyst rating breakdown for RC stock is 0 'Strong Buy' (0.00%), 2 'Buy' (50.00%), 2 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Ready Capital Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 05, 2024 | Jay McCanless | Wedbush | $9.00 | $8.05 | 11.73% | 16.73% |
| Feb 29, 2024 | Jay McCanless | Wedbush | $11.00 | $8.49 | 29.56% | 42.67% |
The latest Ready Capital stock forecast, released on Sep 05, 2024 by Jay McCanless from Wedbush, set a price target of $9.00, which represents a 11.73% increase from the stock price at the time of the forecast ($8.05), and a 16.73% increase from RC last price ($7.71).
Ready Capital Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 2 |
| Avg Price Target | $9.00 | $9.00 | $10.00 |
| Last Closing Price | $7.71 | $7.71 | $7.71 |
| Upside/Downside | 16.73% | 16.73% | 29.70% |
In the current month, the average price target of Ready Capital stock is $9.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 16.73% increase as opposed to Ready Capital's last price of $7.71. This month's average price target is down 0.00% compared to last quarter, and down -10.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 05, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Sep 05, 2024 | Wedbush | Neutral | Neutral | Hold |
| Nov 14, 2023 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| May 25, 2023 | Raymond James | Outperform | Outperform | Hold |
| Dec 15, 2022 | Keefe, Bruyette & Woods | - | Market Perform | Downgrade |
| Sep 08, 2022 | B. Riley Securities | Buy | Buy | Hold |
Ready Capital's last stock rating was published by Keefe, Bruyette & Woods on Sep 05, 2024. The company gave RC a "Market Perform" rating, the same as its previous rate.
Ready Capital Financial Forecast
Ready Capital Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $60.01M | $126.15M | $95.12M | $77.48M | $91.57M | $128.37M | - | $129.03M | $103.50M | $104.79M | $91.86M | $90.80M | $73.64M | $82.47M | $93.45M | $22.98M | $52.18M | $37.09M |
| Avg Forecast | $109.65M | $109.30M | $108.25M | $110.56M | $130.40M | $126.67M | $121.22M | $115.71M | $111.34M | $105.23M | $114.61M | $159.02M | $126.98M | $176.13M | $160.12M | $158.36M | $158.29M | $146.17M | $150.00M | $103.85M | $103.35M | $89.80M | $91.45M | $76.10M | $74.80M | $95.10M | $91.70M | $52.80M | $61.45M | $60.15M |
| High Forecast | $124.55M | $124.16M | $122.96M | $125.58M | $148.12M | $143.88M | $137.70M | $131.43M | $126.47M | $119.67M | $130.18M | $180.63M | $138.10M | $200.07M | $181.88M | $179.88M | $179.80M | $166.03M | $150.00M | $120.28M | $119.70M | $104.01M | $105.92M | $88.14M | $86.63M | $110.14M | $106.21M | $61.15M | $71.17M | $69.66M |
| Low Forecast | $90.43M | $90.15M | $89.28M | $91.18M | $107.55M | $104.48M | $99.98M | $95.43M | $91.83M | $87.50M | $94.53M | $131.15M | $117.95M | $145.27M | $132.06M | $130.61M | $130.55M | $120.55M | $150.00M | $80.70M | $80.31M | $69.78M | $71.07M | $59.14M | $58.13M | $73.90M | $71.26M | $41.03M | $47.75M | $46.74M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.47% | 0.72% | 0.59% | 0.49% | 0.58% | 0.88% | - | 1.24% | 1.00% | 1.17% | 1.00% | 1.19% | 0.98% | 0.87% | 1.02% | 0.44% | 0.85% | 0.62% |
Ready Capital's average Quarter revenue forecast for Mar 24 based on 2 analysts is $159.02M, with a low forecast of $131.15M, and a high forecast of $180.63M. RC's average Quarter revenue forecast represents a 164.96% increase compared to the company's last Quarter revenue of $60.01M (Dec 23).
Ready Capital EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $24.57M | $37.41M | $254.02M | $52.70M | $171.74M | $183.50M | - | $142.35M | $117.33M | $102.45M | $85.88M | $87.73M | $68.23M | $78.38M | $82.76M | $-11.46M | $59.44M | $48.85M |
| Avg Forecast | $53.09M | $52.93M | $52.42M | $53.53M | $63.14M | $61.34M | $58.70M | $56.03M | $53.91M | $50.95M | $55.50M | $77.00M | $61.48M | $85.29M | $77.53M | $76.68M | $76.65M | $78.89M | $72.63M | $50.29M | $80.52M | $62.36M | $67.90M | $36.85M | $36.22M | $35.92M | $68.68M | $-3.72M | $29.75M | $48.85M |
| High Forecast | $60.31M | $60.12M | $59.54M | $60.81M | $71.72M | $69.67M | $66.68M | $63.64M | $61.24M | $57.95M | $63.04M | $87.46M | $66.87M | $96.88M | $88.07M | $87.10M | $87.06M | $94.67M | $72.63M | $58.24M | $96.63M | $74.84M | $81.48M | $42.68M | $41.95M | $43.11M | $82.41M | $-2.97M | $34.46M | $58.62M |
| Low Forecast | $43.79M | $43.65M | $43.23M | $44.15M | $52.08M | $50.59M | $48.41M | $46.21M | $44.47M | $42.37M | $45.77M | $63.51M | $57.11M | $70.34M | $63.95M | $63.24M | $63.22M | $63.11M | $72.63M | $39.08M | $64.42M | $49.89M | $54.32M | $28.64M | $28.15M | $28.74M | $54.94M | $-4.46M | $23.12M | $39.08M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.40% | 0.44% | 3.28% | 0.69% | 2.24% | 2.33% | - | 2.83% | 1.46% | 1.64% | 1.26% | 2.38% | 1.88% | 2.18% | 1.21% | 3.08% | 2.00% | 1.00% |
2 analysts predict RC's average Quarter EBITDA for Mar 24 to be $77.00M, with a high of $87.46M and a low of $63.51M. This is 213.33% upper than Ready Capital's previous annual EBITDA (Dec 23) of $24.57M.
Ready Capital Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $27.05M | $45.66M | $248.88M | $35.14M | $11.45M | $63.23M | - | $63.49M | $53.59M | $45.78M | $30.46M | $28.29M | $26.91M | $34.56M | $33.85M | $-50.45M | $20.43M | $12.10M |
| Avg Forecast | $52.37M | $52.16M | $51.13M | $53.95M | $55.11M | $53.97M | $50.24M | $46.86M | $47.86M | $43.95M | $44.69M | $47.14M | $51.14M | $60.93M | $62.40M | $68.94M | $71.67M | $35.25M | $80.51M | $71.44M | $36.52M | $27.87M | $24.08M | $28.96M | $69.83M | $15.84M | $30.09M | $-89.59M | $69.83M | $12.10M |
| High Forecast | $61.62M | $61.38M | $60.17M | $63.48M | $64.85M | $63.51M | $59.11M | $55.14M | $56.32M | $54.50M | $52.58M | $55.47M | $52.84M | $71.69M | $73.43M | $81.11M | $84.34M | $42.30M | $80.51M | $85.73M | $43.83M | $33.44M | $28.90M | $34.75M | $84.19M | $19.01M | $36.11M | $-71.67M | $84.19M | $14.52M |
| Low Forecast | $40.44M | $40.28M | $39.49M | $41.66M | $42.56M | $41.68M | $38.79M | $36.19M | $36.96M | $38.67M | $34.51M | $36.40M | $47.73M | $47.05M | $48.19M | $53.23M | $55.35M | $28.20M | $80.51M | $57.15M | $29.22M | $22.29M | $19.27M | $23.17M | $49.60M | $12.67M | $24.07M | $-107.50M | $49.60M | $9.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.53% | 0.75% | 3.99% | 0.51% | 0.16% | 1.79% | - | 0.89% | 1.47% | 1.64% | 1.26% | 0.98% | 0.39% | 2.18% | 1.13% | 0.56% | 0.29% | 1.00% |
Ready Capital's average Quarter net income forecast for Mar 24 is $47.14M, with a range of $36.40M to $55.47M. RC's average Quarter net income forecast represents a 74.29% increase compared to the company's last Quarter net income of $27.05M (Dec 23).
Ready Capital SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $16.00M | $27.87M | $30.21M | $27.46M | $29.61M | $34.05M | - | $34.49M | $27.23M | $34.98M | $31.09M | $29.86M | $25.05M | $34.11M | $36.30M | $24.48M | $22.01M | $18.40M |
| Avg Forecast | $34.18M | $34.07M | $33.74M | $34.46M | $40.65M | $39.48M | $37.79M | $36.07M | $34.71M | $32.80M | $35.72M | $49.57M | $39.58M | $54.90M | $49.91M | $49.36M | $49.34M | $26.93M | $46.76M | $32.37M | $18.69M | $21.29M | $24.58M | $27.81M | $23.32M | $13.87M | $26.78M | $38.92M | $19.15M | $-1.00M |
| High Forecast | $38.82M | $38.70M | $38.33M | $39.15M | $46.17M | $44.85M | $42.92M | $40.97M | $39.42M | $37.30M | $40.58M | $56.30M | $43.05M | $62.36M | $56.69M | $56.07M | $56.05M | $32.32M | $46.76M | $37.49M | $22.42M | $25.55M | $29.50M | $33.37M | $27.00M | $16.64M | $32.13M | $46.70M | $22.18M | $-800.00K |
| Low Forecast | $28.19M | $28.10M | $27.83M | $28.42M | $33.52M | $32.57M | $31.17M | $29.75M | $28.63M | $27.27M | $29.47M | $40.88M | $36.77M | $45.28M | $41.17M | $40.71M | $40.69M | $21.55M | $46.76M | $25.16M | $14.95M | $17.03M | $19.67M | $22.25M | $18.12M | $11.10M | $21.42M | $31.13M | $14.89M | $-1.20M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.40% | 0.51% | 0.61% | 0.56% | 0.60% | 1.26% | - | 1.07% | 1.46% | 1.64% | 1.26% | 1.07% | 1.07% | 2.46% | 1.36% | 0.63% | 1.15% | -18.40% |
Ready Capital's average Quarter SG&A projection for Mar 24 is $49.57M, based on 2 Wall Street analysts, with a range of $40.88M to $56.30M. The forecast indicates a 209.85% rise compared to RC last annual SG&A of $16.00M (Dec 23).
Ready Capital EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.25 | $1.87 | $0.33 | $0.08 | $0.53 | - | $0.70 | $0.72 | $0.64 | $0.43 | $0.50 | $0.50 | $0.63 | $0.63 | $-0.97 | $0.44 | $0.27 |
| Avg Forecast | $0.31 | $0.31 | $0.30 | $0.32 | $0.33 | $0.32 | $0.30 | $0.28 | $0.28 | $0.26 | $0.26 | $0.28 | $0.30 | $0.36 | $0.37 | $0.41 | $0.42 | $0.45 | $0.47 | $0.58 | $0.51 | $0.46 | $0.45 | $0.43 | $0.41 | $0.36 | $0.63 | $0.38 | $0.41 | $0.40 |
| High Forecast | $0.37 | $0.36 | $0.36 | $0.38 | $0.38 | $0.38 | $0.35 | $0.33 | $0.33 | $0.32 | $0.31 | $0.33 | $0.31 | $0.43 | $0.44 | $0.48 | $0.50 | $0.53 | $0.47 | $0.70 | $0.62 | $0.55 | $0.54 | $0.52 | $0.49 | $0.43 | $0.76 | $0.45 | $0.49 | $0.48 |
| Low Forecast | $0.24 | $0.24 | $0.23 | $0.25 | $0.25 | $0.25 | $0.23 | $0.21 | $0.22 | $0.23 | $0.20 | $0.22 | $0.28 | $0.28 | $0.29 | $0.32 | $0.33 | $0.35 | $0.47 | $0.41 | $0.36 | $0.32 | $0.32 | $0.31 | $0.29 | $0.26 | $0.45 | $0.27 | $0.29 | $0.29 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.69% | 5.05% | 0.81% | 0.19% | 1.18% | - | 1.20% | 1.40% | 1.40% | 0.96% | 1.16% | 1.23% | 1.75% | 1.00% | -2.58% | 1.08% | 0.67% |
According to 2 Wall Street analysts, Ready Capital's projected average Quarter EPS for Mar 24 is $0.28, with a low estimate of $0.22 and a high estimate of $0.33. This represents a 139650.00% increase compared to RC previous annual EPS of - (Dec 23).
Ready Capital Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| NYMT | New York Mortgage Trust | $6.61 | $21.25 | 221.48% | Hold |
| ARI | Apollo Commercial Real Estate Finance | $9.56 | $13.50 | 41.21% | - |
| KREF | KKR Real Estate Finance Trust | $12.30 | $16.17 | 31.46% | Buy |
| RC | Ready Capital | $7.71 | $9.00 | 16.73% | Buy |
| EARN | Ellington Residential Mortgage REIT | $6.98 | $8.00 | 14.61% | Buy |
| EFC | Ellington Financial | $13.30 | $13.50 | 1.50% | Buy |
| IVR | Invesco Mortgage Capital | $8.87 | $6.25 | -29.54% | Buy |
| ARR | ARMOUR Residential REIT | $20.76 | $11.50 | -44.61% | Hold |
| CIM | Chimera Investment | $15.86 | $7.25 | -54.29% | Hold |
RC Forecast FAQ
Is Ready Capital a good buy?
Yes, according to 4 Wall Street analysts, Ready Capital (RC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 50.00% of RC's total ratings.
What is RC's price target?
Ready Capital (RC) average price target is $9 with a range of $9 to $9, implying a 16.73% from its last price of $7.71. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Ready Capital stock go up soon?
According to Wall Street analysts' prediction for RC stock, the company can go up by 16.73% (from the last price of $7.71 to the average price target of $9), up by 16.73% based on the highest stock price target, and up by 16.73% based on the lowest stock price target.
Can Ready Capital stock reach $12?
RC's average twelve months analyst stock price target of $9 does not support the claim that Ready Capital can reach $12 in the near future.
What is Ready Capital's current price target trend?
1 Wall Street analyst forecast a $9 price target for Ready Capital (RC) this month, up 16.73% from its last price of $7.71. Compared to the last 3 and 12 months, the average price target increased by 16.73% and increased by 29.70%, respectively.
What are Ready Capital's analysts' financial forecasts?
Ready Capital's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $494M (high $561.13M, low $407.44M), average EBITDA is $239.2M (high $271.71M, low $197.29M), average net income is $206.18M (high $242.61M, low $159.22M), average SG&A $153.99M (high $174.91M, low $127M), and average EPS is $1.22 (high $1.44, low $0.944). RC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $437.76M (high $497.25M, low $361.05M), average EBITDA is $211.97M (high $240.78M, low $174.83M), average net income is $209.62M (high $246.65M, low $161.87M), average SG&A $136.45M (high $155M, low $112.54M), and average EPS is $1.24 (high $1.46, low $0.96).
Did the RC's actual financial results beat the analysts' financial forecasts?
Based on Ready Capital's last annual report (Dec 2023), the company's revenue was $408.47M, which missed the average analysts forecast of $621.59M by -34.29%. Apple's EBITDA was $351.24M, beating the average prediction of $300.98M by 16.70%. The company's net income was $331.45M, beating the average estimation of $243.4M by 36.18%. Apple's SG&A was $34.74M, missing the average forecast of $193.76M by -82.07%. Lastly, the company's EPS was $0.0022, missing the average prediction of $1.44 by -99.85%. In terms of the last quarterly report (Dec 2023), Ready Capital's revenue was $60.01M, missing the average analysts' forecast of $126.98M by -52.74%. The company's EBITDA was $24.57M, missing the average prediction of $61.48M by -60.03%. Ready Capital's net income was $27.05M, missing the average estimation of $51.14M by -47.11%. The company's SG&A was $16M, missing the average forecast of $39.58M by -59.58%. Lastly, the company's EPS was $0.0002, missing the average prediction of $0.303 by -99.93%