LendingClub price target lowered to $15 from $20 at Maxim

Maxim analyst Michael Diana lowered the firm’s price target on LendingClub to $15 from $20 but keeps a Buy rating on the shares. The analyst cites the company’s Q4 results, with loan originations and revenue down from linked-quarter. The firm also notes that LendingClub’s guidance for Q1 called for further, larger-than-expected declines, and its 2023 outlook was for continued weakness before a possible rebound in late 2023.