Atlanticus Holdings Corp. (ATLC) PT Lowered to $72 at Citizens JMP

Citizens JMP analyst David Scharf lowered the price target on Atlanticus Holdings Corp. (NASDAQ: ATLC) to $72.00 (from $75.00) while maintaining a Market Outperform rating.

The analyst commented, “Following our discussions with management, we have updated our forecast to reflect larger investments in personnel following both improvements in the macroeconomic outlook for the company’s target customers and the significant reduction in the overhang from the finalized late fee rules. Management further provided incremental confidence in both the growth outlook and yield outperformance in the near term from late fee mitigating actions. We are lowering our price target from $75 to $72 as we reduce our target multiple on 2026E EPS from 11x to 10x to reflect the recent contraction in market and peer valuations.

Also, “Investments in the business are expected to rise as the company catches up following prudent cost management. Management conveyed confidence in the growth outlook in the business given recent CFPB developments and favorable credit and spending trends among its borrower base.”

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