Nelnet (NNI) stock surged 6.26% in the intraday trading session on Friday, following the release of the company's strong fourth-quarter earnings and positive analyst commentary.
The student loan servicer reported a significant turnaround in its Q4 financial performance, with earnings and revenue exceeding expectations. This rebound was attributed to Nelnet's diversified business model and strategic initiatives to drive growth across various segments.
Additionally, TD Cowen analyst Moshe Orenbuch maintained a "Hold" rating on Nelnet and set a price target of $110, reflecting optimism about the company's prospects. Analysts commended Nelnet's ability to navigate the challenging economic environment and capitalize on emerging opportunities.
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