Street Watchdog Research Raises Price Target on LendingClub (LC) to $10

November 18, 2016 1:20 PM EST
Get Alerts LC Hot Sheet
Price: $5.53 -1.78%

Rating Summary:
    4 Buy, 12 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
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Street Watchdog Research raised its price target on LendingClub (NYSE: LC) to $10 from $9.

"While LendingClub still faces challenges, we see the current depressed share price as a buying opportunity. With Mr. Trump’s win and some possible financial deregulation, we are modeling a breakeven quarter by the third quarter of 2017 and a clear path for LendingClub to be trading at or above $10 within a one-year period."

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