Brokerage Firm Rating Update on LendingClub Corporation (LC)

LendingClub Corporation (LC) has an average broker rating of 3.18, which is interpreted as a Hold, as rated by 11 equity analysts. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

LendingClub Corporation (LC) : 7 investment research analysts covering LendingClub Corporation (LC) have an average price target of $5.7 for the near short term. The highest target price given by the Brokerage Firm to the stock is $11 and the lowest target is $2 for the short term. Analysts expect the variance to be within $3.13 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Credit Suisse maintains the rating on LendingClub Corporation (NYSE:LC). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $9 per share to $7 per share. The rating by the firm was issued on August 9, 2016.

LendingClub Corporation (NYSE:LC): The stock opened at $5.33 and touched an intraday high of $5.44 on Wednesday. During the day, the stock corrected to an intraday low of $5.29, however, the bulls stepped in and pushed the price higher to close in the green at $5.41 with a gain of 1.12% for the day. The total traded volume for the day was 4,992,377. The stock had closed at $5.35 in the previous trading session.

LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Companys online marketplace connects borrowers. Lending Clubs marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Companys standard program loans are a part of the standard loan program. The standard program loans are three- or five-year unsecured personal loans which are offered to borrowers. These loans can be invested in through the purchase of notes issued pursuant to a Note Registration Statement, and are available through the Companys Website. The custom program loans include small business loans, super prime consumer loans, education and patient finance loans and personal loans. The Companys technology platform supports its marketplace and makes available loan products to investor channels.

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