JMP Securities Maintains Market Outperform on Velocity Financial, Raises Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Chris McGinnis maintains a Market Outperform rating on Velocity Financial (VEL) and raises the price target from $17.5 to $19.
April 30, 2024 | 4:20 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
JMP Securities raises Velocity Financial's price target from $17.5 to $19, maintaining a Market Outperform rating.
The increase in price target by JMP Securities reflects a positive outlook on Velocity Financial, suggesting confidence in the company's future performance. This analyst action can lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100