UWM Holdings Jumps 7% After BTIG Slaps Buy Rating On The Stock

UWM Holdings Corp UWMC shares traded higher on Thursday following an upgrade from BTIG. 

What To Know: BTIG analyst Eric Hagen upgraded UWM Holdings from a Neutral rating to Buy rating and set a price target of $6. 

Earlier this week, Goldman Sachs maintained a Neutral rating on the stock and lowered its price target from $6.50 to $5.50.

Of the 13 analysts that cover UWM Holdings, four of them have positive ratings, six have neutral ratings and three have negative ratings. Current price targets range from $2.50 to $9.50.

Most of the latest analyst updates came after the company reported better-than-expected quarterly results in August. Following the report, Wedbush, Goldman Sachs and Morgan Stanley all raised price targets. 

UWM Holdings is not due to report earnings again until early November. A date has not yet been confirmed by the company. According to estimates from Benzinga Pro, third-quarter earnings expectations are set at 5 cents per share and analysts are anticipating revenue of $471.45 million. 

Check Out Thursday's Other Analyst Changes Here.

UWM Price Action: UWM Holdings shares closed Thursday up 7.92% at $5.04, per Benzinga Pro.

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