BTIG raised the firm’s price target on LendingClub (LC) to $18 from $16 and keeps a Buy rating on the shares after its Q3 earnings beat. The company’s pre-provision net revenue beat consensus by 8% and was 4% above the high end of the guidance range, while its credit provisions were 4% below consensus, with losses of 2.85% and well below long term underwriting levels of 4.5%-5.0%, the analyst tells investors in a research note.
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Read More on LC:
- LendingClub price target raised to $20 from $18 at Piper Sandler
- LendingClub price target raised to $20 from $19 at Keefe Bruyette
- LendingClub upgraded to Overweight from Neutral at JPMorgan
- LendingClub Corp. Reports Strong Q3 2025 Results
- LendingClub signs up to $1B memorandum of understanding with BlackRock