Analyst Moshe Orenbuch from TD Cowen maintained a Buy rating on Enova International and increased the price target to $137.00 from $134.00.
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Moshe Orenbuch has given his Buy rating due to a combination of factors including Enova International’s strong financial performance in the second quarter. The company reported earnings per share that exceeded both his and the consensus estimates, primarily due to lower operational expenses across various segments, which offset some higher-than-expected losses in consumer lending.
Despite some challenges in consumer lending, Enova demonstrated resilience by quickly adjusting its underwriting, which helped stabilize credit performance. The company’s diversified model, which allows it to balance between consumer and small business lending, provides flexibility and optimizes returns. This adaptability, along with solid loan growth and a stable net revenue margin, supports the positive outlook for Enova’s stock.
Orenbuch covers the Financial sector, focusing on stocks such as SLM, Bread Financial Holdings, and American Express. According to TipRanks, Orenbuch has an average return of 23.0% and a 71.07% success rate on recommended stocks.
In another report released on July 18, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $134.00 price target.