JMP Securities Maintains Market Outperform on Open Lending, Lowers Price Target to $11
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst David Scharf has maintained a Market Outperform rating on Open Lending (NASDAQ:LPRO), but lowered the price target from $12 to $11.
August 09, 2023 | 5:04 pm
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NEGATIVE IMPACT
Open Lending's price target has been lowered from $12 to $11 by JMP Securities, though the Market Outperform rating is maintained.
The lowering of the price target by JMP Securities could potentially lead to a decrease in the stock price of Open Lending in the short term. However, the maintenance of the Market Outperform rating indicates that the analyst still sees potential in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100