JMP Securities Maintains Outperform Rating for Atlanticus Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JMP Securities has reaffirmed its Outperform rating on Atlanticus Holdings (NASDAQ:ATLC) and increased its price target from $37.00 to $39.00. Atlanticus Holdings, which operates in the financial services industry focusing on the underserved consumer credit market, saw its shares trading at $30.75, unchanged over the last 24 hours. The new price target suggests a potential upside of 26.83% from the current share price.
March 11, 2024 | 5:00 pm
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JMP Securities maintains Outperform rating on ATLC, raising its price target to $39, indicating a potential 26.83% increase from the current price.
The reaffirmation of the Outperform rating and the increase in price target by JMP Securities are strong positive signals for Atlanticus Holdings. Given the company's focus on the financially underserved market, which is a niche yet potentially lucrative segment, this analyst endorsement could boost investor confidence. The potential 26.83% upside to the new price target suggests significant growth expectations, likely influencing both short-term trading and long-term investment interest in ATLC.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100