Analyst Brian McNamara from Canaccord Genuity maintained a Buy rating on EZCORP (EZPW – Research Report) and keeping the price target at $24.00.
Brian McNamara has given his Buy rating due to a combination of factors that suggest a positive outlook for EZCORP. The recent performance of FirstCash Holdings, a leader in the pawn industry, indicates strong growth in pawn loans in both the U.S. and Latin America, which bodes well for EZCORP’s upcoming financial results. The robust performance of FirstCash’s core pawn operations and its optimistic future outlook align with McNamara’s findings, suggesting a favorable environment for EZCORP as well.
Additionally, the reaction to FirstCash’s improved results in its retail point-of-sale payment solutions business has been positive, which McNamara believes has previously affected the valuation. Despite currency fluctuations, particularly with the Mexican peso, McNamara remains confident in EZCORP’s potential, reiterating a Buy rating with a price target of $24, anticipating strong results in the forthcoming quarter.
According to TipRanks, McNamara is an analyst with an average return of -7.2% and a 41.53% success rate. McNamara covers the Consumer Cyclical sector, focusing on stocks such as Rollins, Yeti Holdings, and Solo Brands Inc Class A.