Atlanticus Holdings

ATLC · NASDAQ

$90.62+$0.05 (+0.06%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $90.57

ATLC analyst rating

BuyConsensus of 6 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy6
Hold0
Underperform0
Sell0

12-month price target · 8 analysts

Average $135.49 (+49.5% upside)

Low: $111.10
Now: $90.62
High: $187.95

Upgrades and downgrades

The latest rating actions, newest first

ATLC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BTIG	Sep 22, 2026	Maintains	Buy	$179.00	46%
B. Riley Securities	Sep 3, 2026	Maintains	Buy	$111.00 → $119.00	52%
Jefferies	Jul 8, 2026	Maintains	Buy	$100.00 → $115.00	49%
BTIG	Jun 30, 2026	Maintains	Buy	$105.00 → $179.00	49%
B. Riley Securities	Mar 23, 2026	Maintains	Buy	$90.00 → $98.00	52%
Citizens	Mar 17, 2026	Maintains	Market Outperform	$100.00 → $102.00	59%
Citizens	Dec 11, 2025	Maintains	Market Outperform	$95.00 → $100.00	56%
BTIG	Oct 27, 2025	Maintains	Buy	$105.00	49%

The case for and against

Updated Feb 9, 2026

Bull case

Atlanticus Holdings Corp is projected to experience robust portfolio growth of approximately 10% in both 2026 and 2027, driven by low- to mid-double digit receivables growth from its legacy portfolio and mid-single-digit growth from the Mercury book. The company's earnings per share (EPS) estimates have been significantly adjusted, with a 2026 estimate of $8.72 and an introduction of $11.63 for 2027, reflecting management's guidance of EPS accretion due to improved yields and fair value gains. Additionally, favorable macro trends in consumer finance are expected to bolster the demand for Atlanticus's credit card and financing products, enhancing its financial prospects in the coming years.

Bear case

The analysis indicates that Atlanticus Holdings is facing adverse financial conditions primarily due to forecasted negative operating leverage and significant one-time acquisition costs, projected to have a seven-figure impact in the second half of 2025. Additionally, changes to the Mercury book are anticipated to result in constrained growth in the near term, which is likely to slow overall portfolio growth and further affect earnings. Concerns regarding potential increases in net charge-offs (NCOs) may exacerbate the negative impact on the company’s share performance, leading to a lowered 2025 earnings per share (EPS) estimate from $5.97 to $5.74.

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