LendingClub price target lowered to $20 from $28 at BTIG

BTIG lowered the firm’s price target on LendingClub (LC) to $20 from $28 but keeps a Buy rating on the shares. The company’s Q4 results and Q1 guidance missed origination growth expectations, particularly vs. fintech lending peers such as SoFi (SOFI) that have provided faster 2025 growth guidance, the analyst tells investors in a research note. BTIG adds however that originations by LendingClub are unlikely to be stuck at current levels but rather can triple from current levels, returning back to $3B-$4B of quarterly originations the company had achieved back in 2019.