UWM Holdings Corporation (NYSE:UWMC) is one of the Best Penny Stocks to Invest In According to Billionaires.
The stock was held by 16 billionaire investors as of Q1 2026, with total holdings around $151.9 billion
Recently, on June 25, UWM Holdings Corporation (NYSE:UWMC) was upgraded to Outperform from Market Perform at Keefe Bruyette. Despite the upgrade, the firm lowered the price target from $4.5 to $3.75. The firm noted that they expect the mortgage rates to stay elevated around the 6.25% to 6.5% range through 2028.
As a result, the firm lowered the price targets across title insurers and mortgage originators broadly. Despite the cautious outlook, the firm believes that UWM Holdings is attractively priced at current valuations; hence, it upgraded the stock to Outperform. Moreover, the firm also expects the company to cut its dividend.