Maxim Group analyst Michael Diana maintained a Buy rating on LendingClub Corp (LC) today and set a price target of $4.50. The company’s shares closed yesterday at $3.61.
Diana wrote:
“LC reported strong 4Q18 results, above or inline with guidance and consensus.”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.9% and a 61.0% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Arlington Asset Investment, and Westamerica Bancorporation.
Currently, the analyst consensus on LendingClub Corp is a Moderate Buy with an average price target of $4.18, implying a 15.8% upside from current levels. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $5 price target.
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Based on LendingClub Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $13.46 million. In comparison, last year the company had a GAAP net loss of $92.01 million.
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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.
