Stephens initiated coverage of Open Lending (LPRO) with an Equal Weight rating and $2.50 price target Looking at the FinTech space, the analyst weighs the limited operating histories and performance along with recent capital inflows when evaluating the eight stocks on which the firm initiated coverage. For Open Lending in particular, the analyst notes that the company is in the midst of a turnaround and management change, leaving limited near-term visibility. While watching from the sidelines, the firm finds value in the underlying model, and the asset-light, strong balance sheet, the analyst added.
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 LPRO:
- LPRO Lawsuit Alert! Class Action Against Open Lending Corporation
- Open Lending Holds Annual Stockholders Meeting
- Open Lending’s Earnings Call: Balancing Optimism and Challenges
- Open Lending: Positive Momentum and Strategic Moves Justify Buy Rating
- Open Lending price target raised to $2.50 from $2.25 at Raymond James
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue