Analyst Moshe Orenbuch of TD Cowen maintained a Buy rating on FirstCash, boosting the price target to $188.00.
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Moshe Orenbuch has given his Buy rating due to a combination of factors including FirstCash’s strong third-quarter performance and positive future outlook. The company reported earnings per share that surpassed both his and the consensus estimates, primarily driven by lower costs and robust scrap revenue, especially in the U.S. and LATAM pawn segments.
Additionally, FirstCash’s management has demonstrated confidence in their growth prospects by raising guidance across all pawn markets. The company has a strong pipeline for store acquisitions and openings, with plans to expand significantly in the coming months. Furthermore, the increased repurchase authorization underscores management’s confidence in FirstCash’s financial stability, contributing to the positive investment outlook.
According to TipRanks, Orenbuch is a top 100 analyst with an average return of 23.0% and a 69.79% success rate. Orenbuch covers the Financial sector, focusing on stocks such as American Express, SLM, and Bread Financial Holdings.