UPDATE: Goldman Sachs Downgrades Open Lending (LPRO) to Neutral

July 23, 2021 7:22 AM EDT
Get Alerts LPRO Hot Sheet
Price: $40.28 --0%

Rating Summary:
    9 Buy, 3 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 6 | Down: 13 | New: 24
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(Updated - July 23, 2021 7:24 AM EDT)

Goldman Sachs analyst Matthew O’Neill downgraded Open Lending (NASDAQ: LPRO) from Buy to Neutral with a price target of $40.00 (from $43.00).

The analyst comments "We downgrade Open Lending to Neutral from Buy following recent share price outperformance and based on our revised outlook for OEMs. Since we added LPRO to the Americas Buy List on July 14, 2020, the shares are +123% vs S&P500 of 37%. We lower our 2021/22/23 EPS estimates by 4%/7%/6% after revisiting our outlook for OEM certs following recent revisions from management. We update our 12-month price target to $40 (from $43) based on 28x Q5-Q8 EPS."

For an analyst ratings summary and ratings history on Open Lending click here. For more ratings news on Open Lending click here.

Shares of Open Lending closed at $39.94 yesterday.

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