Wedbush Sticks to Their Buy Rating for LendingClub (LC)

In a report released today, David Chiaverini from Wedbush maintained a Buy rating on LendingClub (LCResearch Report), with a price target of $15.00. The company’s shares closed yesterday at $11.66.

According to TipRanks, Chiaverini is a 4-star analyst with an average return of 3.6% and a 42.92% success rate. Chiaverini covers the Financial sector, focusing on stocks such as Bok Financial, Cathay General Bancorp, and Comerica.

Currently, the analyst consensus on LendingClub is a Moderate Buy with an average price target of $22.50.

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LC market cap is currently $1.21B and has a P/E ratio of 4.40.

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LendingClub Corp. engages in the operation of an online credit marketplace for borrowers and investors. It offers personal, business, auto refinance, K-12 education loans and patient solutions. The company was founded by Renaud Laplanche and Soulaiman Htite on October 2, 2006 and is headquartered in San Francisco, CA.

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