Velocity Financial, Inc. (VEL)
NYSE: VEL · Real-Time Price · USD
19.29
+0.24 (1.26%)
Nov 4, 2024, 4:00 PM EST - 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 20.2, with a low estimate of 18 and a high estimate of 22. The average target predicts an increase of 4.72% from the current stock price of 19.29.
Analyst Consensus: Buy
* Price targets were last updated on Sep 20, 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 3 | 3 | 3 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| 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 |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy → Sell Downgrades $20 | Buy → Sell | Downgrades | $20 | +3.68% | Sep 20, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $21 | Buy | Reiterates | $21 | +8.86% | Sep 16, 2024 |
| BTIG | BTIG | Strong Buy Maintains $18 → $20 | Strong Buy | Maintains | $18 → $20 | +3.68% | Aug 2, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $19 → $21 | Buy | Maintains | $19 → $21 | +8.86% | Aug 2, 2024 |
| Raymond James | Raymond James | Buy Reiterates $20 → $22 | Buy | Reiterates | $20 → $22 | +14.05% | May 30, 2024 |
Financial Forecast
Revenue This Year
176.75M
Revenue Next Year
196.04M
from 176.75M
Increased by 10.91%
EPS This Year
1.95
from 1.52
Increased by 28.43%
EPS Next Year
2.15
from 1.95
Increased by 10.38%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 228.7M | 240.2M |
| Avg | 176.8M | 196.0M |
| Low | 129.6M | 156.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | - | 35.9% |
| Avg | - | 10.9% |
| Low | - | -11.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.11 | 2.89 | 2.31 |
| Avg | 1.95 | 2.15 | 2.22 |
| Low | 1.85 | 1.81 | 2.16 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 39.2% | 48.3% | 7.5% |
| Avg | 28.4% | 10.4% | 3.4% |
| Low | 22.2% | -6.9% | 0.3% |
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.