Velocity Financial, Inc. (VEL)
NYSE: VEL · IEX Real-Time Price · USD
18.44
+0.38 (2.10%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Velocity Financial Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Velocity Financial stock have an average target of 19, with a low estimate of 18 and a high estimate of 22. The average target predicts an increase of 3.04% from the current stock price of 18.44.
Analyst Consensus: Buy
* Price targets were last updated on May 30, 2024.
Analyst Ratings
The average analyst rating for VEL stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
---|---|---|---|---|---|---|
Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Buy | 3 | 3 | 3 | 3 | 3 | 3 |
Hold | 1 | 1 | 1 | 1 | 1 | 1 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Raymond James | Raymond James | Buy Reiterates $20 → $22 | Buy | Reiterates | $20 → $22 | +19.31% | May 30, 2024 |
JMP Securities | JMP Securities | Buy Maintains $18 → $19 | Buy | Maintains | $18 → $19 | +3.04% | Apr 30, 2024 |
Raymond James | Raymond James | Buy Reiterates $18 → $20 | Buy | Reiterates | $18 → $20 | +8.46% | Mar 15, 2024 |
Citigroup | Citigroup | Hold Maintains $17 → $18 | Hold | Maintains | $17 → $18 | -2.39% | Mar 11, 2024 |
BTIG | BTIG | Strong Buy Maintains $17 → $18 | Strong Buy | Maintains | $17 → $18 | -2.39% | Mar 11, 2024 |
Financial Forecast
Revenue This Year
171.55M
from 171.75M
Decreased by -0.11%
Revenue Next Year
189.38M
from 171.55M
Increased by 10.39%
EPS This Year
1.71
from 1.52
Increased by 12.63%
EPS Next Year
1.87
from 1.71
Increased by 9.34%
Revenue Forecast
Revenue | 2024 | 2025 |
---|---|---|
High | 217.8M | 227.3M |
Avg | 171.6M | 189.4M |
Low | 129.7M | 155.3M |
Revenue Growth
Revenue Growth | 2024 | 2025 |
---|---|---|
High | 26.8% | 32.5% |
Avg | -0.1% | 10.4% |
Low | -24.5% | -9.5% |
EPS Forecast
EPS | 2024 | 2025 |
---|---|---|
High | 1.93 | 2.05 |
Avg | 1.71 | 1.87 |
Low | 1.48 | 1.71 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
High | 27.1% | 19.6% |
Avg | 12.6% | 9.3% |
Low | -2.6% | 0.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.