JMP Securities Maintains Market Outperform Rating for Open Lending: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JMP Securities has maintained its Market Outperform rating for Open Lending (NASDAQ:LPRO) and increased its price target from $10.00 to $12.00. Open Lending's shares are currently trading up 1.03% over the last 24 hours, at $10.78 per share. A move to $12.00 would account for a 11.32% increase from the current share price.
July 14, 2023 | 5:01 pm
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JMP Securities has maintained its Market Outperform rating for Open Lending and raised its price target. This could potentially lead to an increase in the stock's price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, JMP Securities, a reputable financial institution, has maintained a positive rating for Open Lending and increased its price target. This suggests they believe the company's stock is likely to outperform the market, which could lead to increased investor interest and a potential rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100