On Deck Capital (ONDK) Receives Price Target

On Deck Capital (ONDK) : Average target price received by On Deck Capital (ONDK) is $8.59 with an expected standard deviation of $3.53. The most aggressive target on the stock is $17, whereas the most downbeat target is $6. 11 financial analysts are currently covering the stock.

On Deck Capital (ONDK) : 4 brokerage houses believe that On Deck Capital (ONDK) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on On Deck Capital (ONDK). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 2.41.


Also, In the latest statement by the brokerage house, JP Morgan maintains its outlook on On Deck Capital (NYSE:ONDK). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $8 per share to $6.5 per share. The rating by the firm was issued on August 9, 2016.

On Deck Capital (NYSE:ONDK): The stock opened at $6.33 on Thursday but the bulls could not build on the opening and the stock topped out at $6.38 for the day. The stock traded down to $6.13 during the day, due to lack of any buying support eventually closed down at $6.25 with a loss of -1.26% for the day. The stock had closed at $6.33 on the previous day. The total traded volume was 259,840 shares.

On Deck Capital, Inc. is an online platform for small business lending. The Company aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Companys Website and, using its OnDeck Score, the Company makes a funding decision and transfers the funds. The Company offers two products to small businesses to access capital: term loans and lines of credit. The Companys end-to-end integrated platform includes the Companys Website, which allows small businesses to apply for a loan in minutes, around the clock; data and analytics engine, analyzes thousands of data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology, which offers seamless funding of loans, and daily and weekly collections and ongoing servicing system.

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