Morgan Stanley has adjusted its price target for SLM Corporation (SLM, Financial), raising it from $31 to $33, while maintaining an Overweight rating for the stock. This decision follows a strong first-quarter earnings performance that exceeded expectations.
The financial firm's analysts highlighted that loan losses for SLM have reached their lowest level in three years, indicating improving financial health for the company. They also forecast an increase in stock buyback activity during the second quarter, reflecting SLM's continued focus on enhancing shareholder value.
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.
