Piper Sandler analyst Brad Capuzzi raised the firm’s price target on LendingClub (LC) to $15 from $13 and keeps an Overweight rating on the shares following Q3 earnings. The firm notes LendingClub posted another strong quarter with the company beating its estimates and guidance primarily driven by higher net interest income and better pricing on loan sales.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LC: