Citizens raised the firm’s price target on Enova International (ENVA) to $195 from $182 and keeps an Outperform rating on the shares. Enova delivered another strong quarter with over 30% origination growth, driven by SMB demand and improving consumer lending, alongside stable credit trends and operating leverage, the analyst tells investors in a research note. With guidance raised and no signs of consumer weakness, the company is seen as well positioned, supported by a resilient lending environment and continued share gains, the firm says.
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Read More on ENVA:
- Enova: Q1 Outperformance, Strong Credit Trends, and Small-Business Growth Support Raised Estimates and Buy Rating
- Enova International reports Q1 adjusted EPS $3.87, consensus $3.68
- ENVA Earnings this Week: How Will it Perform?
- Enova International Expands Credit Facilities and Funding Capacity
- Enova International price target lowered to $165 from $185 at TD Cowen