JMP Securities Maintains Market Outperform on Velocity Financial, Raises Price Target to $17.5
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Chris McGinnis has maintained a Market Outperform rating on Velocity Financial (NYSE:VEL) and increased the price target from $13.5 to $17.5.
March 08, 2024 | 6:21 pm
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POSITIVE IMPACT
JMP Securities has maintained a Market Outperform rating on Velocity Financial and raised the price target to $17.5.
The upgrade in the price target by JMP Securities reflects a positive outlook on Velocity Financial's performance. This is likely to instill confidence among investors, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100