Analyst Rating Update on LendingClub Corporation (LC)

LendingClub Corporation (LC) has an average broker rating of 3.36, which is interpreted as a Hold, as rated by 11 equity analysts. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

LendingClub Corporation (LC) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $11 and the lowest price target forecast is $2. The average forecast of all the analysts is $5.39 and the expected standard deviation is $3.07.

Company shares have received an average consensus rating of Hold for the current week Also, Goldman Sachs maintains its rating on LendingClub Corporation (NYSE:LC). The global brokerage major raises the current price target from $4.3 per share to $4.7 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The rating by the firm was issued on June 29, 2016.


LendingClub Corporation (NYSE:LC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.46 and $4.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.64, notching a gain of 3.80% for the day. The total traded volume was 4,332,495 . The stock had closed at $4.47 on the previous day.

LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Companys online marketplace connects borrowers. Lending Clubs marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Companys standard program loans are a part of the standard loan program. The standard program loans are three- or five-year unsecured personal loans which are offered to borrowers. These loans can be invested in through the purchase of notes issued pursuant to a Note Registration Statement, and are available through the Companys Website. The custom program loans include small business loans, super prime consumer loans, education and patient finance loans and personal loans. The Companys technology platform supports its marketplace and makes available loan products to investor channels.

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