JMP Securities Lifts Atlanticus (ATLC) Target to $95 from $78

Atlanticus Holdings Corporation (NASDAQ:ATLC) is one of the most undervalued financial stocks to buy according to Wall Street analysts. On September 18, JMP Securities raised its target price for Atlanticus from $78 to $95. The firm maintained its “Market Outperform” rating on the stock.

JMP Securities Lifts Atlanticus (ATLC) Target to $95 from $78

JMP made the decision after completing a new analysis after Atlanticus acquired Mercury Financial. The firm updated its assumptions regarding net yield growth for the Mercury portfolio as it optimized fees and annual percentage rates. JMP expects the Mercury acquisition to boost Atlanticus’s earnings per share by approximately $1.00 in 2026 and $3.00 in 2027. JMP reduced its price target, noting that much of the anticipated earnings boost stems from one-time fair value gains on the Mercury portfolio.

Atlanticus Holdings Corporation (NASDAQ:ATLC) is a financial technology company. It operates through two segments: Credit as a Service (CaaS) and Auto Finance. The CaaS segment provides private-label and general-purpose credit cards, while the Auto Finance segment purchases and services loans secured by automobiles from independent dealers.

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Disclosure: None. This article is originally published at Insider Monkey.