Maxim raised the firm’s price target on LendingClub (LC) to $19 from $16 and keeps a Buy rating on the shares. The company’s Q3 results exceeded estimates, reaching high end of guidance on originations and beat guidance on pre-provision net revenue, the analyst tells investors in a research note.
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:
- LendingClub price target raised to $19 from $15 at Compass Point
- Boeing union rejects latest offer, Tesla reports Q3 beat: Morning Buzz
- LendingClub price target raised to $15 from $14.50 at Seaport Research
- LendingClub price target raised to $17 from $14 at Wedbush
- LendingClub price target raised to $15 from $13 at Piper Sandler