Jefferies analyst John Hecht has increased the price target for SLM (SLM, Financial) to $40, up from the previous $33, while maintaining a Buy rating for the stock. For the second quarter, Hecht anticipates that while balance sheet repricing may lead to margin compression, this will be counterbalanced by robust loan growth. Hecht also highlights that the firm's core earnings per share (EPS) estimate stands at 52 cents, slightly above the 50 cents consensus anticipated by the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for SLM Corp (SLM, Financial) is $37.20 with a high estimate of $42.00 and a low estimate of $32.00. The average target implies an upside of 13.55% from the current price of $32.76. More detailed estimate data can be found on the SLM Corp (SLM) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, SLM Corp's (SLM, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for SLM Corp (SLM, Financial) in one year is $18.69, suggesting a downside of 42.95% from the current price of $32.76. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the SLM Corp (SLM) Summary page.
