Keefe Bruyette positive on Jefferson Capital shares into 2026

Keefe Bruyette is positive on shares of Jefferson Capital (JCAP) heading into 2026. The firm reiterates an Outperform rating on the name with a $28 price target Jefferson is well positioned to benefit from a continued normalization in the U.S. and international credit cycle, the analyst tells investors in a research note. Keefe is “constructive” on industry fundamentals as supply increases and believes the company is “industry-leading cash efficiency ratio should continue to drive strong returns.”