JMP Securities analyst David Scharf maintained a Buy rating on OppFi (OPFI – Research Report) today and set a price target of $3.00. The company’s shares closed yesterday at $2.05.
Scharf covers the Financial sector, focusing on stocks such as Encore Capital, Synchrony Financial, and Atlanticus Holdings. According to TipRanks, Scharf has an average return of 9.9% and a 47.39% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for OppFi with a $2.67 average price target.
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Based on OppFi’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $48.4 million and a net profit of $3.12 million. In comparison, last year the company earned a revenue of $191.42 million and had a net profit of $30.78 million
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OppFi Inc. (OPFI) is a financial technology firm offering loans and financial access to customers through bank partnerships. The Chicago-based AI powered platform offers three main products, namely: OppLoans, SalaryTap, and OppFi Card. OppFi targets median U.S. consumers who do not have the option of typical credit acquisition routes.
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