What 6 Analyst Ratings Have To Say About Velocity Financial
Portfolio Pulse from Benzinga Insights
Velocity Financial (NYSE:VEL) has received mixed analyst ratings over the past quarter, with a shift towards more bullish sentiments in the last 30 days. Analysts from firms like JMP Securities, Raymond James, Citigroup, BTIG, and Wells Fargo have raised their price targets, reflecting an optimistic outlook on the company's performance. The average 12-month price target is now $18.42, up 14.55% from the previous average of $16.08. Velocity Financial, a real estate finance company, has shown significant financial growth with a revenue increase of 65.74% as of December 31, 2023, and outperforms in net margin and ROE compared to industry averages.
April 30, 2024 | 5:02 pm
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POSITIVE IMPACT
Velocity Financial has seen a positive shift in analyst ratings, with an increase in its average 12-month price target to $18.42. The company's financial performance, including a significant revenue growth and high net margin, supports this optimistic outlook.
The increase in price targets by analysts from reputable firms indicates a strong confidence in Velocity Financial's market performance and financial health. The company's significant revenue growth and superior net margin and ROE metrics compared to industry averages contribute to this positive outlook. The recent updates in analyst ratings and price targets suggest potential short-term upward movement in VEL's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100