| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 10/06/2023 | 14.64% | Citigroup | $14 → $13 | Maintains | Neutral |
| 08/08/2023 | 54.32% | Raymond James | $12.5 → $17.5 | Maintains | Outperform |
| 08/04/2023 | 19.05% | JMP Securities | $12 → $13.5 | Maintains | Market Outperform |
| 07/10/2023 | 5.82% | Citigroup | $10 → $12 | Maintains | Neutral |
| 05/05/2023 | 5.82% | JMP Securities | → $12 | Reiterates | → Market Outperform |
| 03/10/2023 | 5.82% | JMP Securities | → $12 | Reiterates | → Market Outperform |
| 10/13/2022 | — | Citigroup | Downgrades | Buy → Neutral | |
| 08/08/2022 | 23.46% | Wells Fargo | $13 → $14 | Maintains | Overweight |
| 05/13/2022 | 14.64% | Citigroup | $15 → $13 | Maintains | Buy |
| 03/11/2022 | 32.28% | Wells Fargo | $16 → $15 | Maintains | Overweight |
| 08/10/2021 | 49.91% | Raymond James | $11 → $17 | Maintains | Outperform |
| 08/06/2021 | 23.46% | JMP Securities | $12 → $14 | Maintains | Market Outperform |
| 05/07/2021 | -3% | Raymond James | $10 → $11 | Maintains | Outperform |
| 03/18/2021 | -11.82% | Raymond James | $8 → $10 | Maintains | Outperform |
| 03/17/2021 | -16.23% | JMP Securities | $8 → $9.5 | Maintains | Market Outperform |
| 03/17/2021 | -11.82% | Wells Fargo | $7 → $10 | Maintains | Overweight |
| 11/12/2020 | -29.45% | Raymond James | $5 → $8 | Maintains | Outperform |
| 08/13/2020 | -55.91% | Raymond James | $4.5 → $5 | Maintains | Outperform |
| 05/08/2020 | 5.82% | JMP Securities | $22 → $12 | Maintains | Market Outperform |
| 04/20/2020 | -60.32% | Raymond James | $17 → $4.5 | Maintains | Outperform |
| 04/15/2020 | -47.09% | Citigroup | $18 → $6 | Maintains | Buy |
| 02/11/2020 | 49.91% | Raymond James | → $17 | Initiates Coverage On | → Outperform |
| 02/11/2020 | 67.55% | Wells Fargo | → $19 | Initiates Coverage On | → Overweight |
| 02/11/2020 | 94% | JMP Securities | → $22 | Initiates Coverage On | → Market Outperform |
| 02/11/2020 | — | Citigroup | Initiates Coverage On | → Buy |
What is the target price for Velocity Financial (VEL)?
The latest price target for Velocity Financial (NYSE: VEL) was reported by Citigroup on October 6, 2023. The analyst firm set a price target for $13.00 expecting VEL to rise to within 12 months (a possible 14.64% upside). 7 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 Citigroup, and Velocity Financial maintained their neutral rating.
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 October 6, 2023 so you should expect the next rating to be made available sometime around October 6, 2024.
Is the Analyst Rating Velocity Financial (VEL) correct?
While ratings are subjective and will change, the latest Velocity Financial (VEL) rating was a maintained with a price target of $14.00 to $13.00. The current price Velocity Financial (VEL) is trading at is $11.34, which is out of the analyst's predicted range.
