Jefferies analyst John Hecht reiterated a Buy rating on Elevate Credit Inc (NYSE: ELVT) on July 11 and set a price target of $12.50. The company’s shares closed yesterday at $10.40, close to its 52-week high of $11.27.
According to TipRanks.com, Hecht is a 5-star analyst with an average return of 14.5% and a 75.5% success rate. Hecht covers the Financial sector, focusing on stocks such as Curo Group Holdings Corp, Enova International Inc, and First Cash.
Elevate Credit Inc has an analyst consensus of Moderate Buy, with a price target consensus of $12.75, implying a 22.6% upside from current levels. In a report issued on July 10, Maxim Group also reiterated a Buy rating on the stock with a $13 price target.
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The company has a one-year high of $11.27 and a one-year low of $5.90. Currently, Elevate Credit Inc has an average volume of 197.7K.
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Elevate Credit, Inc. engages in providing online credit products for non-prime consumers. It offers online credit solutions to consumers in the U.S. and the United Kingdom who are not well-served by traditional bank products and who are looking for options than payday loans, title loans, pawn, and storefront installment loans.
