BTIG raised the firm’s price target on Velocity Financial to $18 from $17 and keeps a Buy rating on the shares. The company should continue to put up outsized loan production volumes on top of growing fee income from its previously acquired HUD license, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on VEL:
- Velocity Financial price target raised to $18 from $14 at Wells Fargo
- Velocity Financial price target raised to $17.50 from $13.50 at JMP Securities
- Velocity Financial Unveils Q4 and Year-End Earnings Insights
- Velocity Financial reports Q4 core EPS 46c, consensus 38c
- VEL Earnings Report this Week: Is It a Buy, Ahead of Earnings?