Wells Fargo analyst Michael Kaye has raised the price target for SLM Corporation (SLM, Financial) from $33 to $34, maintaining an Overweight rating on the stock. This adjustment reflects the analyst's confidence in the company's strong fundamentals and promising long-term performance, especially through 2025 and beyond.
The reassessment comes as Wells Fargo recognizes the potential of SLM's PLUS program to contribute significantly to the company's growth. Despite a solid performance in the first quarter, SLM's financial guidance remains unchanged. This consistent performance suggests a stable outlook for the company moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for SLM Corp (SLM, Financial) is $32.91 with a high estimate of $34.00 and a low estimate of $31.00. The average target implies an upside of 16.95% from the current price of $28.14. More detailed estimate data can be found on the SLM Corp (SLM) Forecast page.
Based on the consensus recommendation from 12 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 $19.17, suggesting a downside of 31.88% from the current price of $28.14. 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.
