Wells Fargo Maintains Overweight on Velocity Financial, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Donald Fandetti has maintained an Overweight rating on Velocity Financial (VEL) and increased the price target from $14 to $18.
March 08, 2024 | 12:46 pm
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Wells Fargo has maintained an Overweight rating on Velocity Financial and raised the price target from $14 to $18.
The upgrade in the price target by a reputable analyst like Donald Fandetti from Wells Fargo is a strong positive signal for investors, indicating a bullish outlook on Velocity Financial's stock. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100