Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The average of price targets set by Wall Street analysts indicates a potential upside of 28.6% in Velocity Financial (VEL). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Velocity Financial (VEL) delivered earnings and revenue surprises of 28.57% and 51.89%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?