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Needham Maintains Buy on Better Home & Finance, Lowers Price Target to $15
Needham analyst Kyle Peterson maintains Better Home & Finance (NASDAQ:BETR) with a Buy and lowers the price target from $25 to $15.
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Better Home & Finance (BETR) Faces Securities Class Action Amid 75% Sequential Increase in Net Loss, Dimmed Loan Volume Prospects
Better Home & Finance faces a securities class action lawsuit after reporting a 75% sequential increase in net loss for Q1 2026 and drastically missing its $1 billion monthly loan volume target by 45%, achieving only $550 million per month. The company had previously assured investors it would reach the $1 billion target by May 2026, but failed to disclose that conversion rates were already slowing due to macroeconomic factors. The stock plunged 28% on May 7, 2026, and the CEO was subsequently fired.
Better Home & Finance Reports Preliminary Q3 Loan Volume Of $1.39B, Up 15%; Says ~$13.2M In Annualized Cost Cuts Implemented, $51M More Targeted