In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on LendingClub Corp (LC), with a price target of $6. The company’s shares closed yesterday at $3.64.
Diana observed:
“LC reported strong 3Q18 results and appears on track to beat its previous 2018 adjusted EBITDA guidance range, which was raised. We are raising our 2018 adjusted EBITDA estimate, tweaking our 2019 adjusted EBITDA estimate, and reiterating our Buy rating and $6 price target.”
According to TipRanks.com, Diana is a 4-star analyst with an average return of 4.3% and a 56.7% success rate. Diana covers the Financial sector, focusing on stocks such as Manhattan Bridge Capital Inc, Arlington Asset Investment, and Westamerica Bancorporation.
LendingClub Corp has an analyst consensus of Moderate Buy, with a price target consensus of $5.50, implying a 51.1% upside from current levels. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $5 price target.
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The company has a one-year high of $4.68 and a one-year low of $2.57. Currently, LendingClub Corp has an average volume of 2.73M.
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LendingClub Corp. engages in the operation of an online credit marketplace for borrowers and investors. It offers personal, business, auto refinance, and K-12 education loans; and patient solutions. The company was founded by Renaud Laplanche in October 2006 and is headquartered in San Francisco, CA.
