Canaccord Genuity Downgrades Open Lending to Hold, Lowers Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi has downgraded Open Lending (NASDAQ:LPRO) from Buy to Hold and lowered the price target from $20 to $5.5.

November 08, 2023 | 12:28 pm
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Open Lending has been downgraded from Buy to Hold by Canaccord Genuity, with a lowered price target from $20 to $5.5.
The downgrade from Buy to Hold indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a lower stock price. The significant reduction in the price target from $20 to $5.5 further suggests that the analyst believes the stock is overvalued at its current price, which could also put downward pressure on the stock price.
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