Enova International Inc's stock surged by 12.72%, reaching a 52-week high amid mixed market conditions, with the Nasdaq-100 down 0.68% and the S&P 500 up 0.01%.
The increase in stock price is attributed to Enova's announcement of a definitive agreement to acquire Grasshopper Bank for approximately $369 million, which is expected to enhance Enova's market position and significantly expand its asset base. This strategic acquisition is projected to generate over 15% adjusted earnings per share accretion in the first year, with expectations of exceeding 25% once synergies are fully realized, providing substantial financial returns for shareholders.
This acquisition not only strengthens Enova's competitive edge in the digital banking sector but also diversifies its product offerings, allowing it to meet the diverse needs of consumers and small businesses. The market is reacting positively to this strategic move, indicating strong investor confidence in Enova's growth potential.
Wall Street analysts forecast ENVA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENVA is 177.17 USD with a low forecast of 150.00 USD and a high forecast of 199.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast ENVA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENVA is 177.17 USD with a low forecast of 150.00 USD and a high forecast of 199.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 165.100
Low
150.00
Averages
177.17
High
199.00
Current: 165.100
Low
150.00
Averages
177.17
High
199.00
Maxim
NULL -> Buy
maintain
$150 -> $191
2026-01-29
New
Reason
Maxim
Price Target
$150 -> $191
AI Analysis
2026-01-29
New
maintain
NULL -> Buy
Reason
Maxim raised the firm's price target on Enova International to $191 from $150 and keeps a Buy rating on the shares. The company's Q4 earnings beat was driven by 15% growth in loan originations and solid credit quality, the analyst tells investors in a research note.
Citizens
Outperform
maintain
$180 -> $182
2026-01-28
New
Reason
Citizens
Price Target
$180 -> $182
2026-01-28
New
maintain
Outperform
Reason
Citizens raised the firm's price target on Enova International to $182 from $180 and keeps an Outperform rating on the shares. Enova continues to trade attractively following another strong quarter marked by more than 30% originations growth, led by small and medium sized businesses, and stable-to-improving credit trends, the analyst tells investors in a research note. Management highlighted healthy consumer and SMB demand and reiterated meaningful growth and funding benefits from the pending Grasshopper Bancorp acquisition, expected to close in the second half of the year, the firm says.
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TD Cowen
Moshe Orenbuch
Buy
maintain
$175 -> $180
2026-01-08
Reason
TD Cowen
Moshe Orenbuch
Price Target
$175 -> $180
2026-01-08
maintain
Buy
Reason
TD Cowen analyst Moshe Orenbuch raised the firm's price target on Enova International to $180 from $175 and keeps a Buy rating on the shares. The firm adjusted targets in the specialty finance group as part of its 2026 outlook.
TD Cowen
Buy
maintain
$175 -> $180
2026-01-08
Reason
TD Cowen
Price Target
$175 -> $180
2026-01-08
maintain
Buy
Reason
TD Cowen raised the firm's price target on Enova International to $180 from $175 and keeps a Buy rating on the shares. The firm updated its price target to reflect is outlook in the Specialty Finance sector affected by macro economic factors and secualr growth in various areas of credit card, auto lending, student lending, non-prime lending, buy-now-pay-later, and lease to own.
About ENVA
Enova International, Inc. is an online financial services company that serves small businesses and consumers. The Company's online financing products and services provide customers with a deposit of funds to their bank account in exchange for a commitment to repay the amount deposited plus fees and/or interest. Its products and services include consumer installment loans, small business installment loans, consumer line of credit accounts, small business line of credit accounts, CSO program, bank programs, and money transfer business. It provides its services in the United States and Brazil. In the United States it markets its financing products under the names CashNetUSA at www.cashnetusa.com, NetCredit at www.netcredit.com, OnDeck at www.ondeck.com and Headway Capital at www.headwaycapital.com, and it markets its money transfer platform under the name Pangea. In Brazil, it operates under the name Simplic, where it arranges unsecured consumer installment loans for a third-party lender.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
