Open Lending price target raised to $12 from $10 at JMP Securities

JMP Securities analyst David Scharf raised the firm’s price target on Open Lending to $12 from $10 and keeps an Outperform rating on the shares. A combination of uneven sentiment, interest rate headwinds, and ongoing macro uncertainty foreshadow another challenging Q2 earnings season for the Consumer Finance and Consumer FinTech sectors, and while demand remains robust in many instances, the outlook for a meaningful re-acceleration in origination volumes remains cautious and measured, the analyst tells investors in a research note.