JMP Securities Lifts Atlanticus (ATLC) Target to $95 from $78

Core Viewpoint - Atlanticus Holdings Corporation is identified as one of the most undervalued financial stocks by Wall Street analysts, with JMP Securities raising its target price from $78 to $95 while maintaining a "Market Outperform" rating [1][2]. Group 1: Company Overview - Atlanticus Holdings Corporation operates as a financial technology company through two segments: Credit as a Service (CaaS) and Auto Finance. The CaaS segment offers private-label and general-purpose credit cards, while the Auto Finance segment focuses on purchasing and servicing loans secured by automobiles from independent dealers [3]. Group 2: Recent Developments - JMP Securities raised its target price for Atlanticus after analyzing the impact of its acquisition of Mercury Financial, updating assumptions regarding net yield growth for the Mercury portfolio [2]. - The acquisition of Mercury Financial is expected to enhance Atlanticus's earnings per share by approximately $1.00 in 2026 and $3.00 in 2027, although much of this anticipated earnings boost is attributed to one-time fair value gains on the Mercury portfolio [2].