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Piper Sandler Sticks to Their Buy Rating for LendingClub (LC)

Tipranks - Tipranks - Fri Jan 30, 7:28AM CST

In a report released today, Crispin Love from Piper Sandler maintained a Buy rating on LendingClub, with a price target of $23.00.

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Love covers the Financial sector, focusing on stocks such as SEI Investments Company, LendingClub, and Newtek Business. According to TipRanks, Love has an average return of 12.0% and a 70.56% success rate on recommended stocks.

In addition to Piper Sandler, LendingClub also received a Buy from TipRanks – Google’s Google Financial – Credit Services in a report issued today. However, on the same day, TipRanks – Anthropic downgraded LendingClub (NYSE: LC) to a Hold.

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Based on LendingClub’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $349.59 million and a net profit of $44.27 million. In comparison, last year the company earned a revenue of $302.02 million and had a net profit of $14.46 million

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