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Vetr Crowd Spots LendingClub An Upgrade

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On Tuesday, the Vetr crowd upgraded their rating for LendingClub Corp (NYSE: 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.

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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.

Latest Ratings for LC

DateFirmActionFromTo
Dec 2017Compass PointUpgradesSellNeutral
Nov 2017Canaccord GenuityMaintainsBuy
Nov 2017OppenheimerMaintainsOutperform

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Posted-In: VetrUpgrades Crowdsourcing Analyst Ratings General

 

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