Wedbush Reiterates Outperform on LendingClub, Maintains $11 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini has reiterated an Outperform rating on LendingClub (NYSE:LC) and maintained a price target of $11. This reaffirmation of the positive outlook for LendingClub suggests confidence in the company's future performance.
January 31, 2024 | 1:49 pm
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POSITIVE IMPACT
Wedbush analyst David Chiaverini reaffirms an Outperform rating on LendingClub and maintains a price target of $11, indicating a positive outlook on the company's stock.
The reiteration of an Outperform rating by a reputable analyst like David Chiaverini can instill confidence in investors and potentially lead to a positive short term impact on LendingClub's stock price. The maintained price target of $11 suggests that the analyst believes the stock has room to grow, which could influence investor sentiment and trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100