Velocity Financial, Inc. (VEL)
NYSE: VEL · IEX Real-Time Price · USD
16.76
+0.13 (0.78%)
Apr 22, 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 18.3, with a low estimate of 17.5 and a high estimate of 20. The average target predicts an increase of 9.19% from the current stock price of 16.76.
Analyst Consensus: Buy
* Price targets were last updated on Mar 15, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '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 $18 → $20 | Buy | Reiterates | $18 → $20 | +19.33% | Mar 15, 2024 |
| Citigroup | Citigroup | Hold Maintains $17 → $18 | Hold | Maintains | $17 → $18 | +7.40% | Mar 11, 2024 |
| BTIG | BTIG | Strong Buy Maintains $17 → $18 | Strong Buy | Maintains | $17 → $18 | +7.40% | Mar 11, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $14 → $18 | Buy | Maintains | $14 → $18 | +4.42% | Mar 8, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $14 → $18 | Buy | Maintains | $14 → $18 | +7.40% | Mar 8, 2024 |
Financial Forecast
Revenue This Year
165.94M
from 171.75M
Decreased by -3.38%
Revenue Next Year
187.00M
from 165.94M
Increased by 12.69%
EPS This Year
1.62
from 1.52
Increased by 6.32%
EPS Next Year
1.88
from 1.62
Increased by 16.25%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 206.1M | 222.4M |
| Avg | 165.9M | 187.0M |
| Low | 129.7M | 155.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 20.0% | 34.0% |
| Avg | -3.4% | 12.7% |
| Low | -24.5% | -6.4% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.79 | 1.99 |
| Avg | 1.62 | 1.88 |
| Low | 1.47 | 1.78 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 17.4% | 23.5% |
| Avg | 6.3% | 16.2% |
| Low | -3.3% | 10.4% |
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.