JMP Securities raised the firm’s price target on Enova International (ENVA) to $135 from $125 and keeps an Outperform rating on the shares. Enova ended 2024 with continued displays of “managed momentum,” as management acknowledged that it could grow originations even faster but wants to remain disciplined and present investors with a more consistent growth trajectory, the analyst says. The company remains one of the strongest secular stories in consumer finance, as it continues to capture share from store-based high-cost lenders, JMP argues.
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