UPDATE: BTIG Research Initiates Coverage On Deck Capital On Position For Outsize Growth
In a report published Tuesday, BTIG Research analyst Mark Palmer initiated coverage on On Deck Capital Inc (NYSE: ONDK) with a Buy rating and $25.00 price target.
In the report, BTIG Research noted, “We are initiating coverage of OnDeck Capital (ONDK) with a BUY recommendation and a price target of $25 based on 25x our 2018E EBITDA of $102.6mm discounted back at 12%. We believe the pullback in the shares following their post-IPO surge has created an interesting buying opportunity.”
On Deck Capital closed on Friday at $18.50.
Latest Ratings for ONDK
|Sep 2016||Guggenheim||Initiates Coverage on||Neutral|
|Aug 2016||JP Morgan||Maintains||Neutral|
|Aug 2016||Oppenheimer||Initiates Coverage on||Perform|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.