SLM Corp: Stabilizing Credit Trends and Seasonal Tailwinds Support Buy Rating
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SLM Corp received a Buy rating from analyst Moshe Orenbuch of TD Cowen, with a price target of $35.00. The rating is supported by stabilizing credit trends and seasonal factors, as January delinquencies followed normal patterns and net charge-offs decreased. Improved roll rates indicate fewer loans are becoming charge-offs, reflecting effective collection efforts. Anticipated seasonal declines in delinquencies from February to May, along with larger tax refunds, further bolster confidence in SLM's credit metrics and stock performance.
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