Navient price target raised to $8 from $7 at BofA

BofA raised the firm’s price target on Navient (NAVI) to $8 from $7 and keeps an Underperform rating on the shares. Navient reported a Q1 EPS beat driven by lower provisions and higher other income, while maintaining its 2026 guidance and $4B origination target, the analyst tells investors in a research note Although turnaround efforts show progress, near-term fundamentals remain challenging, with further proof of success needed from new initiatives, the firm says.