JMP Securities Maintains Market Outperform on Velocity Financial, Raises Price Target to $13.5
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Chris McGinnis maintains a Market Outperform rating on Velocity Financial (NYSE:VEL) and raises the price target from $12 to $13.5.
August 04, 2023 | 5:29 pm
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POSITIVE IMPACT
JMP Securities maintains a Market Outperform rating on Velocity Financial and raises the price target from $12 to $13.5, which could positively impact the stock.
The raised price target by JMP Securities indicates a positive outlook for Velocity Financial. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100