LendingClub price target raised to $15 from $13 at Compass Point

Compass Point raised the firm’s price target on LendingClub to $15 from $13 and keeps a Buy rating on the shares after the company reported Q2 EPS of 13c, which the firm says was “well above our street high” 7c estimate and the consensus estimate of 4c. With the improving trends and the potential for a recovery in marketplace volumes and margins into FY25, LendingClub could be well positioned to exit FY25 around a mid-teens ROTCE, the analyst tells investors.