LendingClub Corp (NYSE: LC) stock enjoyed a major increase of 10.2% on 11/6/24. The shares closed at $15.43. Moreover, this advance was accompanied by exceptionally high trading volume at 268% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 9.0% during the last week.
Current PriceTarget Research Rating
LC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
LendingClub has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. LendingClub has a neutral Appreciation Score of 50 but a very high Power Rating of 98, resulting in the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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