LendingClub price target raised to $20 from $15 at Piper Sandler

Piper Sandler analyst Brad Capuzzi raised the firm’s price target on LendingClub (LC) to $20 from $15 and keeps an Overweight rating on the shares in conjunction with the firm’s “2025 Financial Services Top Ideas” where LendingClub was selected as a 2025 top idea. LendingClub saw an improvement in loan sale prices in Q3 as bank buyers started re-engaging, though prices still remain well below the company’s historical average, implying potential upside, the analyst tells investors in a research note. Piper believes management will be diligent in growing its balance sheet through 2025 to drive significant earnings expansion.