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Open Lending Corp has a consensus price target of $6.86 based on the ratings of 10 analysts. The high is $8 issued by DA Davidson on August 12, 2024. The low is $5 issued by Morgan Stanley on August 9, 2024. The 3 most-recent analyst ratings were released by DA Davidson, JMP Securities, and Morgan Stanley on August 12, 2024, August 9, 2024, and August 9, 2024, respectively. With an average price target of $6.67 between DA Davidson, JMP Securities, and Morgan Stanley, there's an implied 7.01% upside for Open Lending Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Open Lending (NASDAQ:LPRO) was reported by Needham on October 2, 2024. The analyst firm set a price target for $0.00 expecting LPRO to fall to within 12 months (a possible -100.00% downside). 15 analyst firms have reported ratings in the last year.
The latest analyst rating for Open Lending (NASDAQ:LPRO) was provided by Needham, and Open Lending reiterated their hold rating.
The last upgrade for Open Lending Corp happened on February 6, 2024 when Morgan Stanley raised their price target to $7. Morgan Stanley previously had an underweight for Open Lending Corp.
The last downgrade for Open Lending Corp happened on July 22, 2024 when Needham changed their price target from N/A to N/A for Open Lending Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Open Lending, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Open Lending was filed on October 2, 2024 so you should expect the next rating to be made available sometime around October 2, 2025.
While ratings are subjective and will change, the latest Open Lending (LPRO) rating was a reiterated with a price target of $0.00 to $0.00. The current price Open Lending (LPRO) is trading at is $6.23, which is out of the analyst’s predicted range.
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