In a report released today, Moshe Orenbuch from TD Cowen maintained a Buy rating on FirstCash, with a price target of $159.00.
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Moshe Orenbuch has given his Buy rating due to a combination of factors, primarily highlighting FirstCash’s strong financial performance in the recent quarter. The company reported earnings per share that surpassed both his and the consensus estimates, driven by lower costs of revenue and interest expenses, which resulted in a higher gross profit.
Additionally, FirstCash’s management increased their full-year guidance across all segments, reflecting confidence in continued strong demand in both the U.S. and Latin American markets. The robust retail sales and favorable economic conditions, such as rising inflation and reduced remittances, have further bolstered the company’s performance. These positive trends, along with the upward adjustment of future earnings estimates, support the Buy rating with a price target of $159.
Orenbuch covers the Financial sector, focusing on stocks such as SLM, American Express, and Capital One Financial. According to TipRanks, Orenbuch has an average return of 23.0% and a 71.07% success rate on recommended stocks.