Velocity Financial (VEL) Stock Forecast, Price Target & Predictions
VEL Stock Forecast
Velocity Financial stock forecast is as follows: an average price target of $23.00 (represents a 13.69% upside from VEL’s last price of $20.23) 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 $23.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $23.00 to $23.00. This represents a potential 13.69% upside from VEL's last price of $20.23.
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 |
|---|---|---|---|---|---|---|
| Dec 05, 2024 | Stephen Laws | Raymond James | $23.00 | $20.61 | 11.60% | 13.69% |
| May 30, 2024 | Stephen Laws | Raymond James | $22.00 | $18.18 | 20.98% | 8.75% |
The latest Velocity Financial stock forecast, released on Dec 05, 2024 by Stephen Laws from Raymond James, set a price target of $23.00, which represents a 11.60% increase from the stock price at the time of the forecast ($20.61), and a 13.69% increase from VEL last price ($20.23).
Velocity Financial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 2 |
| Avg Price Target | $23.00 | $23.00 | $22.50 |
| Last Closing Price | $20.23 | $20.23 | $20.23 |
| Upside/Downside | 13.69% | 13.69% | 11.22% |
In the current month, the average price target of Velocity Financial stock is $23.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 13.69% increase as opposed to Velocity Financial's last price of $20.23. This month's average price target is down 0.00% compared to last quarter, and up 2.22% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 05, 2024 | Raymond James | Outperform | Outperform | Hold |
| 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 | |
| Oct 13, 2022 | Goldman Sachs | Buy | Initialise | |
| Oct 13, 2022 | EF Hutton | Buy | Initialise |
Velocity Financial's last stock rating was published by Raymond James on Dec 05, 2024. The company gave VEL a "Outperform" rating, the same as its previous rate.
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 | - | - | - | - | $59.90M | $58.50M | $56.90M | $55.30M | $55.10M | $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 | - | - | - | - | $69.72M | $68.09M | $66.22M | $64.36M | $64.13M | $43.78M | $58.43M | $53.77M | $55.28M | $43.41M | $41.55M | $35.15M | $32.24M | $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 | - | - | - | - | $52.97M | $51.73M | $50.31M | $48.90M | $48.72M | $43.78M | $44.39M | $40.85M | $42.00M | $32.98M | $31.57M | $26.70M | $24.49M | $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 $40.85M, and a high forecast of $53.77M. 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 | - | - | - | - | $2.86M | $2.79M | $2.72M | $2.64M | $2.63M | $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 | - | - | - | - | $3.33M | $3.25M | $3.16M | $3.07M | $3.06M | $2.09M | $2.79M | $2.57M | $2.64M | $2.07M | $1.98M | $1.68M | $1.54M | $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 | - | - | - | - | $2.53M | $2.47M | $2.40M | $2.34M | $2.33M | $2.09M | $2.12M | $1.95M | $2.01M | $1.58M | $1.51M | $1.28M | $1.17M | $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 $2.57M and a low of $1.95M. 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 | $21.54M | $20.01M | $19.02M | $19.02M | $17.32M | $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 | $25.99M | $24.51M | $23.29M | $22.15M | $26.13M | $24.27M | $23.08M | $23.08M | $21.01M | $17.64M | $17.72M | $16.98M | $16.39M | $12.70M | $14.18M | $12.68M | $12.45M | $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 | $18.20M | $17.16M | $16.31M | $15.51M | $18.30M | $17.00M | $16.16M | $16.16M | $14.71M | $16.84M | $12.41M | $11.89M | $11.48M | $12.69M | $9.93M | $8.88M | $8.72M | $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 $11.89M to $16.98M. 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 | - | - | - | - | $22.49M | $21.97M | $21.37M | $20.77M | $20.69M | $16.44M | $18.85M | $17.35M | $17.84M | $14.01M | $13.41M | $11.34M | $10.40M | $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 | - | - | - | - | $26.18M | $25.57M | $24.87M | $24.17M | $24.08M | $16.44M | $21.94M | $20.19M | $20.76M | $16.30M | $15.60M | $13.20M | $12.11M | $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 | - | - | - | - | $19.89M | $19.43M | $18.89M | $18.36M | $18.30M | $16.44M | $16.67M | $15.34M | $15.77M | $12.39M | $11.85M | $10.03M | $9.20M | $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% | 0.92% | 1.18% | 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 $17.84M, based on 1 Wall Street analysts, with a range of $15.77M to $20.76M. The forecast indicates a 1988.54% 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 | $0.60 | $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 | $0.72 | $0.68 | $0.65 | $0.62 | $0.73 | $0.68 | $0.64 | $0.64 | $0.59 | $0.49 | $0.49 | $0.47 | $0.46 | $0.35 | $0.40 | $0.35 | $0.35 | $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 | $0.51 | $0.48 | $0.45 | $0.43 | $0.51 | $0.47 | $0.45 | $0.45 | $0.41 | $0.47 | $0.35 | $0.33 | $0.32 | $0.35 | $0.28 | $0.25 | $0.24 | $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 $0.33 and a high estimate of $0.47. 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 | $5.96 | $9.00 | 51.01% | Buy |
| GHLD | Guild Company | $13.44 | $18.00 | 33.93% | Buy |
| ECPG | Encore Capital Group | $49.04 | $58.00 | 18.27% | Buy |
| PFSI | PennyMac Financial Services | $103.69 | $121.67 | 17.34% | Buy |
| VEL | Velocity Financial | $20.69 | $23.00 | 11.16% | Buy |
| COOP | Mr. Cooper Group | $98.45 | $108.00 | 9.70% | Buy |