Canaccord Genuity Reiterates Buy Rating for Better Home & Finance
Analyst Joseph Vafi at Canaccord Genuity maintains a buy rating with a $42 price target, a 63.49% upside from the current price.
Key Points
- Canaccord Genuity reiterated its buy rating on Better Home & Finance, setting a price target of $42.
- Canaccord Genuity's $42 price target implies 63.49% upside from Better Home & Finance Holding Company's ($BETR) current $25.69 share price.
- Shares of NasdaqGM:BETR are trading at $27.18, with a market cap of about $512.9 million and a forward P/E of 23.43.
- Insider Hugh Frater bought 5,150 shares on June 11, while other insiders traded shares earlier in June.
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On June 18, 2026, Canaccord Genuity reiterated its buy rating on Better Home & Finance Holding Company (NasdaqGM:BETR), setting a price target of $42. Analyst Joseph Vafi highlighted the company's prospects in the mortgage finance sector.
Other Institutional Activity in Better Home & Finance
Frontier Capital Management Co LLC trimmed its holdings by 83,888 shares, leaving it with 793,934 shares valued at approximately $28.3 million. Meanwhile, BlackRock, Inc. increased its position by 22,284 shares, ending with 486,099 shares worth about $17.3 million. UBS Group AG significantly boosted its stake with an addition of 219,553 shares, totaling 301,962 shares valued at $10.8 million.
Better Home & Finance Holding Company Stock Up 85.5%
Shares of NasdaqGM:BETR traded near $27.18. Better Home & Finance has a market cap of approximately $512.9 million and a forward P/E ratio of 23.43. The stock has a 52-week range from $11.90 to $94.06, with a 50-day moving average of $32.69 and a 200-day moving average of $39.88. The company's beta is 1.712, indicating higher volatility compared to the market.
Recent Earnings
Better Home & Finance reported revenue of $181 million, with a growth rate of 51.6%. However, the company is not currently profitable, posting a net margin of -102.5%. The next earnings report is expected on August 6, 2026.
Insider Buying and Selling at Better Home & Finance Holding Company
On June 11, 2026, insider Hugh Frater purchased 5,150 shares at an average price of $24.34. Earlier, on June 9, insiders Prabhu Narasimhan, Arnaud Massenet, and Hugh Frater were involved in transactions involving shares, although some were at zero price, indicating possible option exercises or similar transactions.
Analysts Set New Price Targets
On June 18, 2026, Canaccord Genuity reiterated its buy rating for Better Home & Finance with a $42 price target. BTIG also initiated coverage with a buy rating and a $36 target on June 16. Roth Capital initiated with a buy rating and a $35 target on June 15. The consensus among analysts is a buy rating, with an average price target of $41 from four opinions.
About Better Home & Finance
Better Home & Finance Holding Company is a mortgage finance company based in New York, NY. It offers a range of loans including government-sponsored enterprise conforming loans, FHA insured loans, and VA guaranteed loans. The company also provides real estate agent services, title insurance, and homeowners insurance. Led by CEO Vishal Garg, Better Home & Finance employs around 1,329 people and has a strategic collaboration with Coinbase Global, Inc. for token-backed mortgage products.
Bottom Line
Better Home & Finance is closely watched by investors due to its position in the mortgage finance industry and strategic collaborations. Canaccord Genuity's reiterated buy rating underscores confidence in the company's future prospects. While the stock trades below its 52-week high, the market remains attentive to its performance and upcoming earnings report.
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