On Tuesday, the Vetr crowd upgraded their rating for LendingClub Corp LC from 4 stars (Buy), issued five days ago, to 5 stars (Strong Buy). Crowd sentiment for LendingClub is mostly positive with 75 percent of Vetr user ratings bullish.
The online lending firm recently benefited from promising news from regulators. The office of the Currency Comptroller announced Monday that it would consider accepting applications from fintech companies to act as special purpose national banks, allowing them to compete with more traditional banks and lending companies.
The stock has remained mostly placid since a 20 percent jump early in November from just over $5 on November 4, to $6.12 on November 7. Shares traded recently to that lower end at $5.30.
See how crowdsourced ratings could help you time the market.
Currently, the Vetr crowd's average target price for LendingClub is up at $6.48, which is well below the average analyst target price of $11.96. Less than 2 percent of Vetr users are holding LC in their watch lists.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
