Open Lending price target raised to $2.50 from $2.25 at Raymond James

Raymond James raised the firm’s price target on Open Lending (LPRO) to $2.50 from $2.25 and keeps an Outperform rating on the shares. Open Lending reported “solid” Q1 results that featured a “healthy” adjusted EBITDA beat on 9% revenue upside, but there was a small negative profit share revision, which is “surprising” given the magnitude of the Q4 revision, the analyst tells investors in a research note. Raymond James sees a favorable risk/reward.