Velocity Financial (VEL) Stock Forecast, Price Target & Predictions
VEL Stock Forecast
Velocity Financial stock forecast is as follows: an average price target of $22.00 (represents a 9.24% upside from VEL’s last price of $20.14) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
VEL Price Target
The average price target for Velocity Financial (VEL) is $22.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $22.00 to $22.00. This represents a potential 9.24% upside from VEL's last price of $20.14.
VEL Analyst Ratings
According to 9 Wall Street analysts, Velocity Financial's rating consensus is 'Buy'. The analyst rating breakdown for VEL stock is 0 'Strong Buy' (0.00%), 7 'Buy' (77.78%), 1 'Hold' (11.11%), 1 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).
Velocity Financial Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 30, 2024 | Stephen Laws | Raymond James | $22.00 | $18.18 | 20.98% | 9.24% |
The latest Velocity Financial stock forecast, released on May 30, 2024 by Stephen Laws from Raymond James, set a price target of $22.00, which represents a 20.98% increase from the stock price at the time of the forecast ($18.18), and a 9.24% increase from VEL last price ($20.14).
Velocity Financial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $22.00 |
| Last Closing Price | $20.14 | $20.14 | $20.14 |
| Upside/Downside | -100.00% | -100.00% | 9.24% |
In the current month, the average price target of Velocity Financial stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Velocity Financial's last price of $20.14. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 20, 2024 | Wells Fargo | - | Underweight | Downgrade |
| Aug 02, 2024 | BTIG | Buy | Buy | Hold |
| Aug 02, 2024 | JMP Securities | Outperform | Outperform | Hold |
| May 30, 2024 | Raymond James | Outperform | Outperform | Hold |
| Apr 30, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Dec 12, 2023 | BTIG | Buy | Buy | Hold |
| Oct 06, 2023 | Citigroup | Neutral | Neutral | Hold |
| Oct 13, 2022 | UBS | - | Buy | Initialise |
| Oct 13, 2022 | MKM Partners | - | Buy | Initialise |
| Oct 13, 2022 | Raymond James | - | Strong Buy | Initialise |
Velocity Financial's last stock rating was published by Wells Fargo on Sep 20, 2024. The company Downgrade its VEL rating from "null" to "Underweight".
Velocity Financial Financial Forecast
Velocity Financial Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $107.94M | - | - | $33.08M | $28.42M | $24.04M | $26.06M | $14.55M | $21.37M | $20.44M | $20.61M | $13.49M | $20.93M | $16.30M | $39.91M | $14.83M | $16.26M |
| Avg Forecast | - | - | - | - | $58.70M | $57.70M | $56.90M | $55.50M | $44.84M | $43.78M | $50.20M | $46.20M | $47.50M | $37.30M | $35.70M | $30.20M | $27.70M | $27.60M | $27.30M | $25.70M | $22.00M | $20.90M | $19.70M | $18.90M | $18.00M | $16.20M | $18.20M | $15.70M | $17.30M |
| High Forecast | - | - | - | - | $62.82M | $61.75M | $60.89M | $59.39M | $47.99M | $43.78M | $53.72M | $49.44M | $50.83M | $39.92M | $38.21M | $32.32M | $29.64M | $27.60M | $27.30M | $25.70M | $22.00M | $20.90M | $19.70M | $18.90M | $18.00M | $16.20M | $18.20M | $15.70M | $17.30M |
| Low Forecast | - | - | - | - | $56.61M | $55.64M | $54.87M | $53.52M | $43.24M | $43.78M | $48.41M | $44.55M | $45.80M | $35.97M | $34.43M | $29.12M | $26.71M | $27.60M | $27.30M | $25.70M | $22.00M | $20.90M | $19.70M | $18.90M | $18.00M | $16.20M | $18.20M | $15.70M | $17.30M |
| # Analysts | - | - | - | - | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.27% | - | - | 1.10% | 1.03% | 0.87% | 0.95% | 0.57% | 0.97% | 0.98% | 1.05% | 0.71% | 1.16% | 1.01% | 2.19% | 0.94% | 0.94% |
Velocity Financial's average Quarter revenue forecast for Mar 24 based on 1 analysts is $46.20M, with a low forecast of $44.55M, and a high forecast of $49.44M. VEL's average Quarter revenue forecast represents a -57.20% decrease compared to the company's last Quarter revenue of $107.94M (Dec 23).
Velocity Financial EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $78.64M | $17.36M | $14.04M | $12.56M | $27.98M | $52.83M | $48.13M | $45.14M | $40.15M | $36.34M | $38.26M | $33.45M | $35.71M | $29.90M | $-19.84M | $33.52M | $35.59M |
| Avg Forecast | - | - | - | - | $2.80M | $2.76M | $2.72M | $2.65M | $2.14M | $2.09M | $2.40M | $2.21M | $2.27M | $1.78M | $1.70M | $1.44M | $1.32M | $18.11M | $17.92M | $17.20M | $14.44M | $13.72M | $12.93M | $12.40M | $11.81M | $10.63M | $11.95M | $10.30M | $11.35M |
| High Forecast | - | - | - | - | $3.00M | $2.95M | $2.91M | $2.84M | $2.29M | $2.09M | $2.57M | $2.36M | $2.43M | $1.91M | $1.82M | $1.54M | $1.42M | $18.11M | $17.92M | $20.64M | $14.44M | $13.72M | $12.93M | $12.40M | $11.81M | $10.63M | $11.95M | $10.30M | $11.35M |
| Low Forecast | - | - | - | - | $2.70M | $2.66M | $2.62M | $2.56M | $2.07M | $2.09M | $2.31M | $2.13M | $2.19M | $1.72M | $1.64M | $1.39M | $1.28M | $18.11M | $17.92M | $13.76M | $14.44M | $13.72M | $12.93M | $12.40M | $11.81M | $10.63M | $11.95M | $10.30M | $11.35M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 34.67% | 9.75% | 8.23% | 8.71% | 21.15% | 2.92% | 2.69% | 2.62% | 2.78% | 2.65% | 2.96% | 2.70% | 3.02% | 2.81% | -1.66% | 3.25% | 3.13% |
1 analysts predict VEL's average Quarter EBITDA for Mar 24 to be $2.21M, with a high of $2.36M and a low of $2.13M. This is -97.19% lower than Velocity Financial's previous annual EBITDA (Dec 23) of $78.64M.
Velocity Financial Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $17.13M | $11.90M | $12.00M | $10.65M | $8.46M | $9.98M | $10.64M | $3.12M | $8.35M | $8.02M | $9.45M | $3.40M | $9.58M | $3.48M | $2.14M | $2.58M | $5.18M |
| Avg Forecast | $21.43M | $20.21M | $19.20M | $18.26M | $21.36M | $19.92M | $19.11M | $19.02M | $17.41M | $17.24M | $14.61M | $14.00M | $13.51M | $12.69M | $11.69M | $10.46M | $10.26M | $10.61M | $10.32M | $1.89M | $8.52M | $7.27M | $6.03M | $3.40M | $4.56M | $5.29M | $7.46M | $2.75M | $17.33M |
| High Forecast | $23.38M | $22.05M | $20.95M | $19.93M | $23.31M | $21.74M | $20.86M | $20.76M | $19.00M | $17.64M | $15.94M | $15.28M | $14.74M | $12.70M | $12.76M | $11.41M | $11.20M | $10.61M | $10.32M | $2.27M | $8.52M | $7.27M | $6.03M | $4.08M | $4.56M | $5.29M | $7.46M | $3.29M | $17.33M |
| Low Forecast | $20.43M | $19.27M | $18.31M | $17.42M | $20.37M | $19.00M | $18.23M | $18.14M | $16.60M | $16.84M | $13.93M | $13.35M | $12.89M | $12.69M | $11.15M | $9.97M | $9.79M | $10.61M | $10.32M | $1.51M | $8.52M | $7.27M | $6.03M | $2.72M | $4.56M | $5.29M | $7.46M | $2.20M | $17.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.27% | 0.94% | 1.03% | 1.02% | 0.82% | 0.94% | 1.03% | 1.65% | 0.98% | 1.10% | 1.57% | 1.00% | 2.10% | 0.66% | 0.29% | 0.94% | 0.30% |
Velocity Financial's average Quarter net income forecast for Mar 24 is $14.00M, with a range of $13.35M to $15.28M. VEL's average Quarter net income forecast represents a -18.28% decrease compared to the company's last Quarter net income of $17.13M (Dec 23).
Velocity Financial SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $854.00K | $1.06M | $10.45M | $12.23M | $7.23M | $6.98M | $5.76M | $12.14M | $5.18M | $4.98M | $5.65M | $11.05M | $6.11M | $6.31M | $5.50M | $10.18M |
| Avg Forecast | - | - | - | - | $22.21M | $21.83M | $21.53M | $21.00M | $16.97M | $16.56M | $18.99M | $17.48M | $17.97M | $14.11M | $13.51M | $11.43M | $10.48M | $9.01M | $8.91M | $838.15K | $7.18M | $6.82M | $6.43M | $5.65M | $5.87M | $5.29M | $5.94M | $5.85M | $5.65M |
| High Forecast | - | - | - | - | $23.77M | $23.36M | $23.04M | $22.47M | $18.16M | $16.56M | $20.33M | $18.71M | $19.23M | $15.10M | $14.46M | $12.23M | $11.22M | $9.01M | $8.91M | $1.01M | $7.18M | $6.82M | $6.43M | $6.78M | $5.87M | $5.29M | $5.94M | $7.02M | $5.65M |
| Low Forecast | - | - | - | - | $21.42M | $21.05M | $20.76M | $20.25M | $16.36M | $16.56M | $18.32M | $16.86M | $17.33M | $13.61M | $13.03M | $11.02M | $10.11M | $9.01M | $8.91M | $670.52K | $7.18M | $6.82M | $6.43M | $4.52M | $5.87M | $5.29M | $5.94M | $4.68M | $5.65M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.06% | 0.08% | 0.91% | 1.17% | 0.80% | 0.78% | 6.88% | 1.69% | 0.76% | 0.77% | 1.00% | 1.88% | 1.16% | 1.06% | 0.94% | 1.80% |
Velocity Financial's average Quarter SG&A projection for Dec 23 is $17.97M, based on 1 Wall Street analysts, with a range of $17.33M to $19.23M. The forecast indicates a 2004.39% rise compared to VEL last annual SG&A of $854.00K (Sep 23).
Velocity Financial EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.49 | $0.37 | $0.37 | $0.33 | $0.26 | $0.31 | $0.33 | $0.10 | $0.27 | $0.25 | $0.29 | $0.11 | $0.48 | $0.17 | $0.11 | $0.13 | $0.26 |
| Avg Forecast | $0.60 | $0.56 | $0.53 | $0.51 | $0.59 | $0.56 | $0.53 | $0.53 | $0.48 | $0.48 | $0.41 | $0.39 | $0.38 | $0.35 | $0.33 | $0.29 | $0.29 | $0.30 | $0.29 | $0.26 | $0.24 | $0.20 | $0.17 | $0.20 | $0.13 | $0.15 | $0.21 | $0.18 | $0.49 |
| High Forecast | $0.65 | $0.61 | $0.58 | $0.56 | $0.65 | $0.61 | $0.58 | $0.58 | $0.53 | $0.49 | $0.44 | $0.43 | $0.41 | $0.35 | $0.36 | $0.32 | $0.31 | $0.30 | $0.29 | $0.26 | $0.24 | $0.20 | $0.17 | $0.20 | $0.13 | $0.15 | $0.21 | $0.18 | $0.49 |
| Low Forecast | $0.57 | $0.54 | $0.51 | $0.49 | $0.57 | $0.53 | $0.51 | $0.51 | $0.46 | $0.47 | $0.39 | $0.37 | $0.36 | $0.35 | $0.31 | $0.28 | $0.27 | $0.30 | $0.29 | $0.26 | $0.24 | $0.20 | $0.17 | $0.20 | $0.13 | $0.15 | $0.21 | $0.18 | $0.49 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.30% | 1.05% | 1.14% | 1.13% | 0.91% | 1.04% | 1.14% | 0.38% | 1.13% | 1.22% | 1.71% | 0.55% | 3.75% | 1.14% | 0.51% | 0.73% | 0.53% |
According to 1 Wall Street analysts, Velocity Financial's projected average Quarter EPS for Mar 24 is $0.39, with a low estimate of $0.37 and a high estimate of $0.43. This represents a -20.41% decrease compared to VEL previous annual EPS of $0.49 (Dec 23).
Velocity Financial Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| UWMC | UWM | $6.07 | $9.20 | 51.57% | Buy |
| ECPG | Encore Capital Group | $47.60 | $58.00 | 21.85% | Buy |
| GHLD | Guild Company | $13.96 | $17.00 | 21.78% | Buy |
| VEL | Velocity Financial | $20.14 | $22.00 | 9.24% | Buy |
| PFSI | PennyMac Financial Services | $102.72 | $110.00 | 7.09% | Buy |
| COOP | Mr. Cooper Group | $97.09 | $100.20 | 3.20% | Buy |