BTIG lowered the firm’s price target on LendingClub (LC) to $14 from $20 and keeps a Buy rating on the shares. The firm cites the company’s Q1 earnings miss and disappointing guidance – the pre-provision net revenue guide is 9% below consensus at the midpoint as LendingClub expects higher marketing and technology investments through the rest of 2025, the analyst tells investors in a research note. BTIG adds however that the higher credit reserve rate is due to macro uncertainty, as losses continue to improve.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LC:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue