Compass Point raised the firm’s price target on SLM (SLM) to $34 from $31 and keeps a Buy rating on the shares after the company announced Q4 EPS below the firm’s estimate and consensus, with the primary source of variance higher provisions for credit losses. SLM should be benefiting from stronger origination volume growth in FY24 with a 6%-8% growth outlook for FY25 as SLM continues to take market share related to Discover Financial Services’ (DFS) exit, the analyst tells investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.