LendingClub Corporation (LC) Receives Price Target

LendingClub Corporation (LC) : 7 Wall Street analysts covering LendingClub Corporation (LC) believe that the average level the stock could reach for the short term is $5.7. The maximum price target given is $11 and the minimum target for short term is around $2, hence the standard deviation is calculated at $3.13.

LendingClub Corporation (LC) : The consensus on LendingClub Corporation (LC) based on 11 analyst recommendation on the company stock is 3.18, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.


Also, Credit Suisse maintains its view on LendingClub Corporation (NYSE:LC) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Credit Suisse lowers the price target from $9 per share to $7 per share on LendingClub Corporation. The rating by the firm was issued on August 9, 2016.

LendingClub Corporation (NYSE:LC): The stock opened at $5.43 on Thursday but the bulls could not build on the opening and the stock topped out at $5.51 for the day. The stock traded down to $5.25 during the day, due to lack of any buying support eventually closed down at $5.30 with a loss of -2.03% for the day. The stock had closed at $5.41 on the previous day. The total traded volume was 4,641,127 shares.

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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