- LendingClub (LC, Financial) acquires a new San Francisco headquarters for $74.5 million, poised to support workforce expansion.
- Analysts predict an average price target of $17.50, suggesting significant upside potential.
- Current brokerage consensus rates LendingClub as "Outperform."
LendingClub (LC) has made a strategic acquisition, purchasing a 233,887-square-foot property in San Francisco for $74.5 million. This new location is designated to be the company's headquarters, aligning with plans to accommodate current and future workforce growth. The company plans to relocate by spring, with the transaction slated for completion by the second quarter of 2025.
Wall Street Analysts' Predictions
Wall Street analysts have provided one-year price targets for LendingClub Corp (LC, Financial) based on evaluations from nine experts. The average price target is set at $17.50, with the highest prediction reaching $20.00 and the lowest at $14.00. This average target suggests an impressive upside potential of 84.21% from the current price of $9.50. For a deeper dive into detailed estimates, investors can visit the LendingClub Corp (LC) Forecast page.
The consensus recommendation from 10 brokerage firms positions LendingClub Corp (LC, Financial) with an average brokerage recommendation of 1.8, which denotes an "Outperform" status. On the rating scale, 1 represents a Strong Buy, while 5 indicates a Sell.
GuruFocus Valuation Insights
According to GuruFocus estimates, the projected GF Value for LendingClub Corp (LC, Financial) in the coming year stands at $9.24. This suggests a potential downside of 2.74% from the current trading price of $9.50. The GF Value is GuruFocus' assessment of the fair market value of the stock, derived from historical trading multiples, previous business growth, and anticipated future business performance. For more in-depth information, consider reviewing the LendingClub Corp (LC) Summary page.
