NewtekOne price target raised to $13 from $12.50 at Piper Sandler

Piper Sandler raised the firm’s price target on NewtekOne (NEWT) to $13 from $12.50 and keeps a Neutral rating on the shares as the stock underperformed as much as 6% following the company’s Investor Day. While the firm was somewhat surprised by the stock reaction, Piper believes the primary driver was the 2026 EPS guidance midpoint of $2.35, which was above the Street estimate of $2.21 going into the investor day.