Vincent Caintic, an analyst from BTIG, maintained the Buy rating on Synchrony Financial. The associated price target remains the same with $100.00.
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Vincent Caintic’s rating is based on a combination of factors that highlight both the challenges and opportunities for Synchrony Financial. Despite a slight decline in loan growth for November, which was down 1.2% year-over-year, the company has shown strong credit trends. This performance, coupled with the launch of new programs like the Walmart One Credit Card and the Amazon Buy Now Pay Later offering, provides potential for growth that could offset the current loan growth shortfall.
Management’s positive commentary further supports this outlook, as they express confidence in meeting their 2025 guidance. They highlighted the rapid growth of the Walmart program, which they consider the fastest growing in their 20-year history. Additionally, the company’s leadership remains optimistic about their future performance, indicating a strong exit point for 2025 and into 2026. These factors combined suggest a promising outlook for Synchrony Financial, justifying the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $86.00 price target.