LendingClub (LC) Opening Price Moving Higher

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Go back to LendingClub (LC) Opening Price Moving Higher

Lending Club (LC) Price Target Raised to $31 at BTIG

December 15, 2014 8:37 AM EST

BTIG maintained a Buy rating on Lending Club (NYSE: LC) and raised its price target to $31.00 (from $19.00).

Analyst Mark Palmer said, "We observed that during the company's pre-IPO ventureround capital raises, its valuation was consistently between 0.8x and 0.9x its total origination figure. Even the $15 price at which LC went public translated... More