Needham Maintains Buy on Open Lending, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mayank Tandon has maintained a 'Buy' rating on Open Lending (NASDAQ:LPRO) but lowered the price target from $13 to $8.
November 09, 2023 | 9:14 am
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Open Lending's price target has been lowered from $13 to $8 by Needham, though the 'Buy' rating is maintained.
The lowering of the price target by Needham could potentially lead to a short-term decrease in Open Lending's stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100