Canaccord analyst Joseph Vafi lowered the firm’s price target on Open Lending to $20 from $30 and keeps a Buy rating on the shares. The analyst said Open Lending continues to gain share, as underscored by the onboarding of the number 2 auto lending credit union in Q3. This type of consistent new logo performance has helped the company gain share and maintain its certification volume against what have been extremely low industry-wide inventory levels and record increases in pricing over the past 18 months.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on LPRO:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue