Open Lending initiated with an Equal Weight at Stephens

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.