Enova International: Fintech specialist for alternative loans increases new loans by 33%!
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AI-based business model: Enova International, as a fintech company, relies on the AI platform "Colossus" for online lending. The company focuses on retail clients with weaker credit ratings as well as small and medium-sized enterprises (SMEs). Strong growth: The stock reaches a new all-time high at around 183 USD, driven by growth in newly issued loans of over 30% in Q1. Price target raised: The profitable segment of corporate clients makes up the majority of the portfolio. Stephens raises the price target from 185 to 210 USD (Overweight)....
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