These Analysts Cut Their Forecasts On Open Lending After Q3 Results
Portfolio Pulse from Lisa Levin
Open Lending Corporation (NASDAQ:LPRO) reported lower than expected sales for Q3, with earnings of 2 cents per share, compared to estimates of 7 cents per share. The company's quarterly sales were $26.01 million, missing expectations of $32.62 million. Open Lending's shares fell 10.7% to trade at $5.90. Analysts from Canaccord Genuity, Raymond James, and Stephens & Co. have cut their price targets on Open Lending following the earnings announcement.
November 08, 2023 | 6:31 pm
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Open Lending's lower than expected Q3 results and subsequent share price drop have led to analysts cutting their price targets on the company.
Open Lending's Q3 results were lower than expected, leading to a drop in the company's share price. This has caused analysts to reassess their price targets for the company, indicating a lack of confidence in its short-term performance.
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