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Analysts Offer Insights on Financial Companies: LendingClub (LC) and Progressive (PGR)

Tipranks - Fri Jan 30, 6:56AM CST

Analysts have been eager to weigh in on the Financial sector with new ratings on LendingClub (LCResearch Report) and Progressive (PGRResearch Report).

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LendingClub (LC)

J.P. Morgan analyst Reginald Smith reiterated a Buy rating on LendingClub today and set a price target of $25.00. The company’s shares closed last Wednesday at $19.57.

According to TipRanks.com, Smith is a 4-star analyst with an average return of 11.6% and a 54.4% success rate. Smith covers the Financial sector, focusing on stocks such as Bread Financial Holdings, Upstart Holdings, and Riot Platforms. ;'>

Currently, the analyst consensus on LendingClub is a Strong Buy with an average price target of $23.43, a 13.2% upside from current levels. In a report issued on January 15, TipRanks – Google also upgraded the stock to Buy with a $23.00 price target.

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Progressive (PGR)

In a report released yesterday, Michael Zaremski from BMO Capital maintained a Hold rating on Progressive, with a price target of $232.00. The company’s shares closed last Wednesday at $212.74, close to its 52-week low of $201.34.

According to TipRanks.com, Zaremski is a 4-star analyst with an average return of 7.9% and a 65.1% success rate. Zaremski covers the Financial sector, focusing on stocks such as Neptune Insurance Holdings, Inc. Class A, Hamilton Insurance Group, Ltd. Class B, and American International Group. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Progressive with a $253.74 average price target, a 23.2% upside from current levels. In a report issued on January 16, HSBC also downgraded the stock to Hold with a $224.00 price target.

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