A report released today by Wedbush about LendingClub Corp (NYSE:LC) raises the target price to $3.75
- Updated: October 10, 2016
Wedbush increased the stock price target of LendingClub Corp (NYSE:LC) to $3.75 indicating a possible downside of -0.38%.
On Monday September 12, 2016, Vetr Inc. reported on LendingClub Corp (NYSE:LC) upped the target price from $0.00 to $5.36 that suggested a downside of -0.03%.
Boasting a price of $6.04, LendingClub Corp (NYSE:LC) traded 1.51% higher on the day. The last stock close price is up 8.27% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day average of $5.82 and a two hundred day average of $5.58. Trading volume was down over the average, with 4,160,452 shares of LC changing hands under the typical 8,009,950
LendingClub Corp has a one year low of $3.44 and a one year high of $15.00 LendingClub Corp’s market capitalization is presently $0.
Also covering LendingClub Corp's price target, a total of 15 equity analysts have released a ratings update on LC. The 12-month price target is $8.18 with 0 firms rating the stock a strong buy, 0 brokers rating the company a buy, zero firms rating the stock a hold, 0 analysts rating the company a underperform, and lastly 0 brokerages rating the stock a sell.
General Company Details For LendingClub Corp (NYSE:LC)
LendingClub Corporation (Lending Club) provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that is only available on a limited basis to large institutional investors. Its technology automates aspects of operations, including the borrower application process, data gathering, credit decisioning and scoring, loan funding, investing and servicing, regulatory compliance and fraud detection. Its platform offers analytical tools and data to enable investors to make decisions and assess their portfolios. Its technology platform has allowed it to expand its offerings from personal loans to include small business loans, and to expand investor classes from individuals to institutions and create various investment vehicles. Its solution offers an online application process and provides borrowers with access to live support and online tools.
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