JMP Securities analyst David Scharf lowered the firm’s price target on Open Lending to $8 from $9 and keeps an Outperform rating on the shares. Open Lending reported a second consecutive quarter of improving volumes, along with a “sizable” negative credit miss and modest Q1 guidance, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LPRO:
- Open Lending Reports Fourth Quarter and Full Year 2023 Financial Results
- Is LPRO a Buy, Before Earnings?
- Open Lending to Announce Fourth Quarter and Full Year 2023 Results on February 27, 2024
- Tesla downgraded, UPS upgraded: Wall Street’s top analyst calls
- Open Lending upgraded to Equal Weight from Underweight at Morgan Stanley
