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Investing.com - JMP Securities analyst reiterated a Market Outperform rating on Jefferson Capital (NASDAQ:JCAP) with a price target of $23.00, representing a 23% upside from the current price of $18.67. According to InvestingPro data, the stock appears overvalued at current levels, though analyst targets range from $22 to $29.
The firm maintained its positive outlook on Jefferson Capital despite pending legislation S.2495, which addresses offshore customer service operations. The company, with a market cap of $1.09 billion and an attractive 5.14% dividend yield, maintains a "GREAT" financial health score on InvestingPro’s comprehensive assessment.
JMP expressed minimal concern about the bill, noting it appears to focus only on prospectively moving existing U.S. customer service positions offshore rather than affecting legacy offshore operations.
The securities firm also pointed out that penalties outlined in the legislation do not appear to apply to companies like Jefferson Capital, and the requirement allowing consumers to request U.S.-based live agents represents an insignificant portion of current call volume.
JMP further stated its belief that the bill is unlikely to advance beyond the Senate’s Commerce, Science, and Transportation Committee, which is chaired by Senator Ted Cruz of Texas.
In other recent news, Jefferson Capital reported strong growth in its Q2 2025 earnings, demonstrating significant year-over-year increases across several financial metrics. The company emphasized its strategic achievements during the earnings call, offering insights into its future outlook. Additionally, Raymond James raised its price target for Jefferson Capital from $19 to $22, maintaining an Outperform rating. This decision was based on the company’s performance, which exceeded the firm’s estimates across all meaningful metrics despite a "noisy quarter."
Furthermore, JMP Securities reiterated its Market Outperform rating and maintained a $23 price target for Jefferson Capital. The firm noted the stability in the company’s business model and market position, with little change since its initial public offering less than two months ago. These developments suggest continued confidence from analysts in Jefferson Capital’s financial health and strategic direction.
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