SLM (SLM) Stock Forecast, Price Target & Predictions

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SLM Stock Forecast

SLM stock forecast is as follows: an average price target of $24.29 (represents a 1.12% upside from SLM’s last price of $24.02) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.

SLM Price Target

The average price target for SLM (SLM) is $24.29 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $27.00 to $18.00. This represents a potential 1.12% upside from SLM's last price of $24.02.

SLM Analyst Ratings

Buy

According to 14 Wall Street analysts, SLM's rating consensus is 'Buy'. The analyst rating breakdown for SLM stock is 0 'Strong Buy' (0.00%), 12 'Buy' (85.71%), 2 'Hold' (14.29%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

SLM Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 24, 2024	Terry Ma	Barclays	$26.00	$22.80	14.04%	8.24%
Oct 08, 2024	Terry Ma	Barclays	$27.00	$22.93	17.75%	12.41%
Sep 25, 2024	Nathaniel Richam-Odoi	Bank of America Securities	$27.00	$21.53	25.41%	12.41%
Sep 24, 2024	David Chiaverini	Wedbush	$26.00	$22.07	17.81%	8.24%
Jul 26, 2024	Michael Kaye	Wells Fargo	$27.00	$23.00	17.39%	12.41%
Apr 25, 2024	David Chiaverini	Wedbush	$28.00	$21.81	28.38%	16.57%
Apr 25, 2024	Jon Arfstrom	RBC Capital	$25.00	$22.10	13.12%	4.08%
Apr 18, 2024	Michael Kaye	Wells Fargo	$24.00	$20.58	16.62%	-0.08%
Nov 11, 2022	-	Compass Point	$18.00	$17.86	0.81%	-25.06%
May 02, 2022	-	Citigroup	$21.00	$16.73	25.52%	-12.57%

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The latest SLM stock forecast, released on Oct 24, 2024 by Terry Ma from Barclays, set a price target of $26.00, which represents a 14.04% increase from the stock price at the time of the forecast ($22.80), and a 8.24% increase from SLM last price ($24.02).

SLM Price Target by Period

	1M	3M	12M
# Anlaysts	1	4	8
Avg Price Target	$26.00	$26.50	$26.25
Last Closing Price	$24.02	$24.02	$24.02
Upside/Downside	8.24%	10.32%	9.28%

In the current month, the average price target of SLM stock is $26.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 8.24% increase as opposed to SLM's last price of $24.02. This month's average price target is down -1.89% compared to last quarter, and down -0.95% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 08, 2024	Barclays	Overweight	Overweight	Hold
Sep 25, 2024	Bank of America Securities	-	Buy	Initialise
Sep 24, 2024	Wedbush	Outperform	Outperform	Hold
Jul 26, 2024	Wells Fargo	Overweight	Overweight	Hold
Jul 25, 2024	Wedbush	Buy	Buy	Hold
Jul 25, 2024	Keefe, Bruyette & Woods	Underperform	Underperform	Hold
Jul 25, 2024	Deutsche Bank	Buy	Buy	Hold
Jun 04, 2024	Wells Fargo	Buy	Buy	Hold
Jun 04, 2024	Cowen & Co.	Buy	Buy	Hold
May 16, 2024	Wells Fargo	Neutral	Neutral	Hold

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SLM's last stock rating was published by Barclays on Oct 08, 2024. The company gave SLM a "Overweight" rating, the same as its previous rate.

SLM Financial Forecast

SLM Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$668.55M	-	$633.90M	$426.78M	$340.79M	$464.61M	$158.03M	$396.96M	$599.64M	$357.55M	$342.55M	$744.54M	$367.47M	$374.19M	$377.57M	$692.21M	$415.25M	$422.31M
Avg Forecast	$472.17M	$539.44M	$448.18M	$534.97M	$443.03M	$495.44M	$419.50M	$488.97M	$398.91M	$391.71M	$451.49M	$514.60M	$454.38M	$419.09M	$539.61M	$392.73M	$348.32M	$445.33M	$602.75M	$498.57M	$518.87M	$368.77M	$349.33M	$675.35M	$383.43M	$385.17M	$362.75M	$637.00M	$420.13M	$407.07M
High Forecast	$489.60M	$559.36M	$464.72M	$554.72M	$459.38M	$513.73M	$434.98M	$510.89M	$407.16M	$392.78M	$451.49M	$519.10M	$476.91M	$444.87M	$559.53M	$407.23M	$361.18M	$445.33M	$602.75M	$498.57M	$518.87M	$368.77M	$349.33M	$675.35M	$383.43M	$385.17M	$362.75M	$637.00M	$420.13M	$407.07M
Low Forecast	$452.19M	$516.62M	$429.21M	$512.33M	$424.28M	$474.47M	$401.75M	$477.90M	$393.04M	$390.65M	$451.49M	$510.11M	$417.60M	$379.18M	$516.77M	$376.12M	$333.58M	$445.33M	$602.75M	$498.57M	$518.87M	$368.77M	$349.33M	$675.35M	$383.43M	$385.17M	$362.75M	$637.00M	$420.13M	$407.07M
# Analysts	2	2	2	2	1	1	1	4	5	4	3	3	6	6	3	3	4	4	4	4	3	3	3	3	3	9	9	9	8	8
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.47%	-	1.17%	1.09%	0.98%	1.04%	0.26%	0.80%	1.16%	0.97%	0.98%	1.10%	0.96%	0.97%	1.04%	1.09%	0.99%	1.04%

SLM's average Quarter revenue forecast for Mar 24 based on 3 analysts is $514.60M, with a low forecast of $510.11M, and a high forecast of $519.10M. SLM's average Quarter revenue forecast represents a -23.03% decrease compared to the company's last Quarter revenue of $668.55M (Dec 23).

SLM EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	2	1	1	1	4	5	4	3	3	6	6	3	3	4	4	4	4	3	3	3	3	3	9	9	9	8	8
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$394.45M	-	$335.43M	$390.66M	$107.94M	$114.39M	$486.96M	$423.14M	$505.61M	$186.17M	$293.11M	$953.49M	$676.71M	$347.74M	$23.97M	$662.33M	$361.20M	$358.37M
Avg Forecast	$233.82M	$267.14M	$221.94M	$264.92M	$219.39M	$245.34M	$207.74M	$242.14M	$197.54M	$193.98M	$223.58M	$254.83M	$225.01M	$207.54M	$267.21M	$194.48M	$172.49M	$266.68M	$360.94M	$298.55M	$310.71M	$220.83M	$209.19M	$404.41M	$229.61M	$230.65M	$217.22M	$381.45M	$251.58M	$243.76M
High Forecast	$242.45M	$277.00M	$230.13M	$274.70M	$227.49M	$254.40M	$215.41M	$252.99M	$201.63M	$194.51M	$223.58M	$257.06M	$236.17M	$220.30M	$277.08M	$201.66M	$178.86M	$266.68M	$360.94M	$298.55M	$310.71M	$220.83M	$209.19M	$404.41M	$229.61M	$230.65M	$217.22M	$381.45M	$251.58M	$243.76M
Low Forecast	$223.93M	$255.83M	$212.55M	$253.71M	$210.10M	$234.96M	$198.95M	$236.66M	$194.63M	$193.45M	$223.58M	$252.61M	$206.80M	$187.77M	$255.91M	$186.25M	$165.19M	$266.68M	$360.94M	$298.55M	$310.71M	$220.83M	$209.19M	$404.41M	$229.61M	$230.65M	$217.22M	$381.45M	$251.58M	$243.76M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.75%	-	1.26%	2.01%	0.63%	0.43%	1.35%	1.42%	1.63%	0.84%	1.40%	2.36%	2.95%	1.51%	0.11%	1.74%	1.44%	1.47%

3 analysts predict SLM's average Quarter EBITDA for Mar 24 to be $254.83M, with a high of $257.06M and a low of $252.61M. This is -35.40% lower than SLM's previous annual EBITDA (Dec 23) of $394.45M.

SLM Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	2	1	1	1	4	5	4	3	3	6	6	3	3	4	4	4	4	3	3	3	3	3	9	9	9	8	8
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$163.72M	-	$265.06M	$118.52M	$-77.04M	$75.17M	$342.07M	$128.81M	$306.26M	$72.84M	$140.20M	$641.21M	$432.70M	$171.03M	$-85.21M	$362.17M	$141.35M	$128.46M
Avg Forecast	$173.77M	$163.78M	$136.65M	$255.20M	$169.51M	$137.30M	$160.08M	$173.62M	$120.52M	$15.12M	$155.36M	$499.55M	$190.06M	$75.57M	$249.82M	$454.14M	$305.31M	$103.60M	$284.39M	$485.71M	$217.61M	$39.36M	$81.65M	$533.20M	$82.36M	$23.37M	$25.26M	$379.63M	$67.16M	$59.90M
High Forecast	$182.11M	$171.64M	$143.21M	$267.45M	$177.65M	$143.89M	$167.76M	$212.63M	$139.90M	$15.85M	$155.37M	$599.47M	$203.16M	$133.87M	$253.01M	$544.97M	$366.37M	$103.60M	$284.39M	$582.85M	$217.61M	$39.36M	$81.65M	$639.84M	$82.36M	$23.37M	$25.26M	$455.55M	$67.16M	$59.90M
Low Forecast	$164.21M	$154.77M	$129.14M	$241.17M	$160.19M	$129.75M	$151.27M	$111.19M	$94.70M	$14.29M	$155.36M	$399.64M	$181.32M	$-6.48M	$246.64M	$363.31M	$244.25M	$103.60M	$284.39M	$388.57M	$217.61M	$39.36M	$81.65M	$426.56M	$82.36M	$23.37M	$25.26M	$303.70M	$67.16M	$59.90M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.86%	-	1.06%	0.26%	-0.25%	0.73%	1.20%	0.27%	1.41%	1.85%	1.72%	1.20%	5.25%	7.32%	-3.37%	0.95%	2.10%	2.14%

SLM's average Quarter net income forecast for Mar 24 is $499.55M, with a range of $399.64M to $599.47M. SLM's average Quarter net income forecast represents a 205.13% increase compared to the company's last Quarter net income of $163.72M (Dec 23).

SLM SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	2	1	1	1	4	5	4	3	3	6	6	3	3	4	4	4	4	3	3	3	3	3	9	9	9	8	8
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$99.18M	$76.80M	$69.59M	$67.24M	$77.67M	$63.63M	$72.75M	$68.54M	$76.77M	$67.53M	$64.20M	$79.61M	$93.11M	$77.08M	$73.79M
Avg Forecast	$85.67M	$97.87M	$81.31M	$97.06M	$80.38M	$89.89M	$76.11M	$88.71M	$72.37M	$71.07M	$81.91M	$93.36M	$82.44M	$76.04M	$97.90M	$71.25M	$63.43M	$76.47M	$103.50M	$85.61M	$89.10M	$63.32M	$59.99M	$63.84M	$65.84M	$66.14M	$62.29M	$97.60M	$72.14M	$69.90M
High Forecast	$88.83M	$101.48M	$84.31M	$100.64M	$83.34M	$93.20M	$78.92M	$92.69M	$73.87M	$71.26M	$81.91M	$94.18M	$86.52M	$80.71M	$101.51M	$73.88M	$76.12M	$76.47M	$103.50M	$85.61M	$89.10M	$63.32M	$59.99M	$76.61M	$65.84M	$66.14M	$62.29M	$117.12M	$72.14M	$69.90M
Low Forecast	$82.04M	$93.73M	$77.87M	$92.95M	$76.98M	$86.08M	$72.89M	$86.71M	$71.31M	$70.87M	$81.91M	$92.55M	$75.77M	$68.79M	$93.76M	$68.24M	$50.74M	$76.47M	$103.50M	$85.61M	$89.10M	$63.32M	$59.99M	$51.07M	$65.84M	$66.14M	$62.29M	$78.08M	$72.14M	$69.90M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.39%	1.21%	0.91%	0.65%	0.91%	0.71%	1.15%	1.14%	1.20%	1.03%	0.97%	1.28%	0.95%	1.07%	1.06%

SLM's average Quarter SG&A projection for Jun 23 is $97.90M, based on 3 Wall Street analysts, with a range of $93.76M to $101.51M. The forecast indicates a -1.29% fall compared to SLM last annual SG&A of $99.18M (Mar 23).

SLM EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	2	1	1	1	4	5	4	3	3	6	6	3	3	4	4	4	4	3	3	3	3	3	9	9	9	8	8
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$0.73	-	$1.13	$0.47	$-0.31	$0.29	$1.30	$0.46	$1.06	$0.24	$0.45	$1.77	$1.15	$0.45	$-0.23	$0.88	$0.33	$0.29
Avg Forecast	$0.81	$0.76	$0.64	$1.19	$0.79	$0.64	$0.74	$0.81	$0.56	$0.07	$0.72	$1.07	$0.88	$0.35	$1.16	$0.35	$0.46	$0.47	$1.28	$0.81	$0.98	$0.18	$0.37	$1.07	$0.37	$0.11	$0.11	$0.73	$0.30	$0.27
High Forecast	$0.85	$0.80	$0.67	$1.24	$0.83	$0.67	$0.78	$0.99	$0.65	$0.07	$0.72	$1.08	$0.95	$0.62	$1.18	$0.37	$0.48	$0.47	$1.28	$0.81	$0.98	$0.18	$0.37	$1.07	$0.37	$0.11	$0.11	$0.73	$0.30	$0.27
Low Forecast	$0.76	$0.72	$0.60	$1.12	$0.75	$0.60	$0.70	$0.52	$0.44	$0.07	$0.72	$1.06	$0.84	$-0.03	$1.15	$0.34	$0.44	$0.47	$1.28	$0.81	$0.98	$0.18	$0.37	$1.07	$0.37	$0.11	$0.11	$0.73	$0.30	$0.27
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.83%	-	0.97%	1.32%	-0.67%	0.62%	1.02%	0.57%	1.08%	1.36%	1.23%	1.66%	3.11%	4.28%	-2.03%	1.20%	1.09%	1.08%

According to 3 Wall Street analysts, SLM's projected average Quarter EPS for Mar 24 is $1.07, with a low estimate of $1.06 and a high estimate of $1.08. This represents a 46.65% increase compared to SLM previous annual EPS of $0.73 (Dec 23).

SLM Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
OPRT	Oportun Financial	$3.06	$11.17	265.03%	Hold
FCFS	FirstCash	$107.09	$130.00	21.39%	Buy
EZPW	EZCORP	$12.02	$13.75	14.39%	Buy
AGM	Federal Agricultural Mortgage	$207.79	$233.00	12.13%	Buy
NAVI	Navient	$15.19	$16.50	8.62%	Sell
SLM	SLM	$24.02	$24.29	1.12%	Buy
ENVA	Enova	$100.94	$87.83	-12.99%	Buy

SLM Forecast FAQ

Is SLM a good buy?

Yes, according to 14 Wall Street analysts, SLM (SLM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 85.71% of SLM's total ratings.

What is SLM's price target?

SLM (SLM) average price target is $24.29 with a range of $18 to $27, implying a 1.12% from its last price of $24.02. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will SLM stock go up soon?

According to Wall Street analysts' prediction for SLM stock, the company can go up by 1.12% (from the last price of $24.02 to the average price target of $24.29), up by 12.41% based on the highest stock price target, and down by -25.06% based on the lowest stock price target.

Can SLM stock reach $40?

SLM's average twelve months analyst stock price target of $24.29 does not support the claim that SLM can reach $40 in the near future.

What is SLM's current price target trend?

1 Wall Street analyst forecast a $26 price target for SLM (SLM) this month, up 8.24% from its last price of $24.02. Compared to the last 3 and 12 months, the average price target increased by 10.32% and increased by 9.28%, respectively.

What are SLM's analysts' financial forecasts?

SLM's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.85B (high $1.92B, low $1.78B), average EBITDA is $914.61M (high $950.29M, low $880.67M), average net income is $640.51M (high $701.94M, low $552.4M), average SG&A $335.09M (high $348.16M, low $322.65M), and average EPS is $2.98 (high $3.27, low $2.57). SLM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.99B (high $2.07B, low $1.91B), average EBITDA is $987.81M (high $1.02B, low $946.01M), average net income is $729.41M (high $764.42M, low $689.29M), average SG&A $361.91M (high $375.27M, low $346.59M), and average EPS is $3.39 (high $3.56, low $3.21).

Did the SLM's actual financial results beat the analysts' financial forecasts?

Based on SLM's last annual report (Dec 2023), the company's revenue was $2.59B, beating the average analysts forecast of $1.81B by 43.55%. Apple's EBITDA was $1.4B, beating the average prediction of $894.24M by 56.52%. The company's net income was $563.69M, missing the average estimation of $969.59M by -41.86%. Apple's SG&A was $0, missing the average forecast of $327.63M by -100.00%. Lastly, the company's EPS was $2.44, missing the average prediction of $2.75 by -11.39%. In terms of the last quarterly report (Dec 2023), SLM's revenue was $668.55M, beating the average analysts' forecast of $454.38M by 47.14%. The company's EBITDA was $394.45M, beating the average prediction of $225.01M by 75.30%. SLM's net income was $163.72M, missing the average estimation of $190.06M by -13.86%. The company's SG&A was $0, missing the average forecast of $82.44M by -100.00%. Lastly, the company's EPS was $0.73, missing the average prediction of $0.884 by -17.47%