Oportun Financial (OPRT) Received its Third Buy in a Row
After Barclays and BTIG gave Oportun Financial (NASDAQ: OPRT) a Buy rating last month, the company received another Buy, this time from J.P. Morgan. Analyst Richard Shane maintained a Buy rating on Oportun Financial today and set a price target of $22.00. The company’s shares closed last Monday at $19.39, close to its 52-week high of $19.90.
According to TipRanks.com, Shane is a 5-star analyst with an average return of 12.9% and a 76.6% success rate. Shane covers the Financial sector, focusing on stocks such as BlackRock Capital Investment, Pennantpark Investment, and TPG Specialty Lending.
Currently, the analyst consensus on Oportun Financial is a Strong Buy with an average price target of $21.00, representing a 8.0% upside. In a report issued on November 13, JMP Securities also maintained a Buy rating on the stock with a $22.00 price target.
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Oportun Financial’s market cap is currently $519.8M and has a P/E ratio of 51.85. The company has a Price to Book ratio of 4.30.
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Oportun Financial Corp. is a holding company, which engages in the provision of financial services for customers with credit invisibles. The firm offers small dollar, unsecured installment loans through its proprietary lending platform. The company was founded in August 2005 and is headquartered in San Carlos, CA.
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