Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for LendingClub Corp (NYSE: LC) improved in recent days. LC’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
LendingClub Corp (NYSE: LC) stock enjoyed a large increase of 2.4% on 4/8/24. The stock closed at $8.68. However, trading volume in this advance was exceptionally low at 32% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.3% during the last week.
Current PriceTarget Research Rating
LC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
LendingClub has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. LendingClub has a slightly positive Appreciation Score of 65 and a good Power Rating of 72, resulting in the Positive Value Trend Rating.
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