LendingClub price target lowered to $14 from $20 at BTIG

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.