Barclays Cuts Target Price on United Wholesale Morgtage (UWMC) to $6

UWM Holdings Corporation (NYSE:UWMC) is one of the 14 Most Undervalued NYSE Stocks to Buy According to Analysts.

On February 26, Barclays analyst Terry Ma reduced his target price on UWM Holdings by 14.3% to $6 (from $7) but retained the firm’s Overweight call on the stock. Lower 1st-quarter guidance from management, which offset an otherwise solid 4th quarter, was the driver of this target price cut. He also added that the lack of a Q&A portion during the earnings call may have contributed to the stock selloff following the earnings release.

UWM held its Q4 2025 earnings call a day before, on February 25. The release showed diluted earnings per share in Q4 quadrupling to $0.08 (vs. $0.02), which is more or less in line with the street consensus of $.0.09. Earnings growth was driven by both volume growth and gain margin expansion.

Despite the solid quarter, management gave a rather conservative estimate for Q1 2026 revenue. They expect revenue to be between $650 million and $850 million. The lower half of this range would fall below the street consensus of $742 million.

Matthew Ishbia, Chief Executive Officer of United Wholesale Mortgage, also refused to include a Q&A portion during the briefing, claiming that “our industry’s superior business model that the short Q&A does not necessarily do it justice, really make it to explain the complexity of business. So I am not going to go through the question process today.” Barclays suspects that this lack of transparency may have scared off some investors, causing the stock to fall 8.8% immediately after the briefing.

UWM Holdings Corporation (NYSE:UWMC) is a wholesale residential mortgage lender. The company is based in Pontiac, Michigan, and was founded in 1986.

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