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Velocity Financial
VELNYSE
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Velocity Financial (NYSE:VEL) Stock, Analyst Ratings, Price Targets, Forecasts
Velocity Financial Inc has a consensus price target of $17.29 based on the ratings of 7 analysts. The high is $22 issued by Raymond James on May 30, 2024. The low is $12 issued by JMP Securities on March 10, 2023. The 3 most-recent analyst ratings were released by Raymond James, JMP Securities, and Raymond James on May 30, 2024, April 30, 2024, and March 15, 2024, respectively. With an average price target of $20.33 between Raymond James, JMP Securities, and Raymond James, there's an implied 7.07% upside for Velocity Financial Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Raymond James
JMP Securities
Citigroup
BTIG
Wells Fargo
1calculated from analyst ratings
Analyst Ratings for Velocity Financial
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/30/2024 | Buy Now | 15.85% | Raymond James | Stephen Laws | $20 → $22 | Reiterates | Outperform → Outperform | Get Alert |
| 04/30/2024 | Buy Now | 0.05% | JMP Securities | Chris McGinnis | $17.5 → $19 | Maintains | Market Outperform | Get Alert |
| 03/15/2024 | Buy Now | 5.32% | Raymond James | Stephen Laws | $17.5 → $20 | Reiterates | Outperform → Outperform | Get Alert |
| 03/11/2024 | Buy Now | -5.21% | Citigroup | Arren Cyganovich | $17 → $18 | Maintains | Neutral | Get Alert |
| 03/11/2024 | Buy Now | -5.21% | BTIG | Sarah Barcomb | $17 → $18 | Maintains | Buy | Get Alert |
| 03/08/2024 | Buy Now | -7.85% | JMP Securities | Chris McGinnis | $13.5 → $17.5 | Maintains | Market Outperform | Get Alert |
| 03/08/2024 | Buy Now | -5.21% | Wells Fargo | Donald Fandetti | $14 → $18 | Maintains | Overweight | Get Alert |
| 12/12/2023 | Buy Now | -10.48% | BTIG | Sarah Barcomb | $14 → $17 | Maintains | Buy | Get Alert |
| 10/23/2023 | Buy Now | -26.28% | BTIG | Sarah Barcomb | → $14 | Initiates | → Buy | Get Alert |
| 10/06/2023 | Buy Now | -31.54% | Citigroup | Arren Cyganovich | $14 → $13 | Maintains | Neutral | Get Alert |
| 08/08/2023 | Buy Now | -7.85% | Raymond James | Stephen Laws | $12.5 → $17.5 | Maintains | Outperform | Get Alert |
| 08/04/2023 | Buy Now | -28.91% | JMP Securities | Chris McGinnis | — | Maintains | Market Outperform | Get Alert |
| 07/10/2023 | Buy Now | -36.81% | Citigroup | Arren Cyganovich | $10 → $12 | Maintains | Neutral | Get Alert |
| 05/05/2023 | Buy Now | -36.81% | JMP Securities | Chris McGinnis | → $12 | Reiterates | → Market Outperform | Get Alert |
| 03/10/2023 | Buy Now | -36.81% | JMP Securities | Chris Muller | → $12 | Reiterates | → Market Outperform | Get Alert |
| 10/13/2022 | Buy Now | — | Citigroup | Arren Cyganovich | — | Downgrade | Buy → Neutral | Get Alert |
| 08/08/2022 | Buy Now | -26.28% | Wells Fargo | Donald Fandetti | $13 → $14 | Maintains | Overweight | Get Alert |
| 05/13/2022 | Buy Now | -31.54% | Citigroup | Arren Cyganovich | $15 → $13 | Maintains | Buy | Get Alert |
| 03/11/2022 | Buy Now | -21.01% | Wells Fargo | Donald Fandetti | $16 → $15 | Maintains | Overweight | Get Alert |
| 08/10/2021 | Buy Now | -10.48% | Raymond James | Stephen Laws | — | Maintains | Outperform | Get Alert |
| 08/06/2021 | Buy Now | -26.28% | JMP Securities | — | — | Maintains | Market Outperform | Get Alert |
FAQ
What is the target price for Velocity Financial (VEL) stock?
The latest price target for Velocity Financial (NYSE:VEL) was reported by Raymond James on May 30, 2024. The analyst firm set a price target for $22.00 expecting VEL to rise to within 12 months (a possible 15.85% upside). 12 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Velocity Financial (VEL)?
The latest analyst rating for Velocity Financial (NYSE:VEL) was provided by Raymond James, and Velocity Financial reiterated their outperform rating.
When was the last upgrade for Velocity Financial (VEL)?
There is no last upgrade for Velocity Financial
When was the last downgrade for Velocity Financial (VEL)?
The last downgrade for Velocity Financial Inc happened on October 13, 2022 when Citigroup changed their price target from N/A to N/A for Velocity Financial Inc.
When is the next analyst rating going to be posted or updated for Velocity Financial (VEL)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Velocity Financial, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Velocity Financial was filed on May 30, 2024 so you should expect the next rating to be made available sometime around May 30, 2025.
Is the Analyst Rating Velocity Financial (VEL) correct?
While ratings are subjective and will change, the latest Velocity Financial (VEL) rating was a reiterated with a price target of $20.00 to $22.00. The current price Velocity Financial (VEL) is trading at is $18.99, which is out of the analyst’s predicted range.
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