UWM Holdings Corporation (UWMC), a leading mortgage lender, saw its shares surge 5.02% in Monday's intraday trading session. The rally was fueled by an analyst upgrade and optimistic projections for the company's performance in the normalizing mortgage market.
Keefe, Bruyette & Woods (KBW) upgraded UWMC's stock to "Outperform" from "Market Perform" and raised the price target to $7.50, representing a 19.4% upside from the previous close. The brokerage firm cited the recent stock decline as overdone and highlighted UWMC's attractive valuation compared to its peer, Rocket Companies (RKT). KBW believes that UWMC is well-positioned to benefit from a stabilizing mortgage market, given its dominant position in the purchase market and increasing share in the refinancing market.
Analysts are optimistic about UWMC's prospects, with three out of twelve brokerages rating the stock as "Buy" or higher. The mean price target among analysts stands at $7, indicating further upside potential for the stock.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。