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On Wednesday, TD Securities began coverage on shares of Goeasy Ltd (GSY:CN) (OTC: EHMEF), a Canadian non-prime consumer lender, issuing a Buy rating and setting a price target of C$199.00. The firm's analysts highlighted the company's consistent history of robust loan, revenue, and earnings growth, which is expected to continue.
According to TD Securities, Goeasy offers investors the opportunity to invest in a rapidly expanding financial company within Canada. The firm's analysts noted that despite the challenges posed by U.S. tariff uncertainties, these factors seem to be already factored into the company's stock price. They believe this presents an attractive risk-reward scenario for potential investors.
The initiation of the coverage comes with a positive outlook, with TD Securities projecting a significant return potential for Goeasy stock. The analysts' price target suggests a 46% upside from the current market price, signaling confidence in the continued financial performance and growth prospects of the company.
Goeasy's performance has been marked by a sustained pattern of double-digit growth across key financial metrics. TD Securities' coverage initiation reflects a belief in the company's ability to maintain this momentum going forward.
The endorsement from TD Securities could influence market perception and investor confidence in Goeasy, potentially impacting the company's stock performance on the Canadian and OTC markets. The new price target of C$199.00 set by TD Securities offers a quantifiable expectation for the stock's future trajectory.
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