Analyst Update: LendingClub Corp, Mobileye NV, and NVIDIA Corporation

Analysts revised their ratings and price targets on LendingClub Corp (LC), Mobileye NV (MBLY), and NVIDIA Corporation (NVDA)

by Alex Eppstein

Published on Jun 17, 2016 at 1:47 PM

Analysts are weighing in on financial stock LendingClub Corp (NYSE:LC), automotive tech specialist Mobileye NV (NYSE:MBLY), and chipmaker NVIDIA Corporation (NASDAQ:NVDA)Here's a quick roundup of today's brokerage notes on LC, MBLY, and NVDA.

  • Scandal-ridden financial stock LC is down another 1.3% today at $4.90, after Craig-Hallum reinstated coverage with a "hold" rating and a $7 price target. This is more of the same for the shares, which have surrendered nearly 57% of their value year-to-date. This is hardly the only negative analyst attention LendingClub Corp's received, either. In fact, all 10 brokerage firms tracking LC have assigned it a "hold" or worse rating.
  • Berenberg initiated coverage on MBLY with a "buy" endorsement and a $51 price target. The positive note has the stock 5.6% higher at $38.88, though it remains 8% lower on a year-to-date basis. Plus, Mobileye NV shares are now encountering resistance from their descending 200-day moving average. Short sellers are likely sweating bullets this afternoon. Short interest on MBLY spiked 15.4% during the last reporting period, and now accounts for one-quarter of its float. At the stock's average trading level, it would take nearly three weeks to cover these bearish positions.
  • NVDA has stumbled 1.2% at $46.97, as sector headwinds overshadow a pair of price-target hikes. Specifically, RBC Capital and B. Riley raised their respective price targets on the stock to $47 and $58. Longer term, though, NVIDIA Corporation remains a technical beast -- and is just a chip-shot from its record high of $47.77, notched on Wednesday. Options traders, meanwhile, are far more put-skewed than usual. NVDA's Schaeffer's put/call open interest ratio (SOIR) stands at 1.72, in the 98th annual percentile. A capitulation among skeptical options traders could result in tailwinds.

For other stocks in analysts' crosshairs, read Analyst Upgrades: Viacom, Inc., Finisar Corporation, and Oracle Corporation and Analyst Downgrades: Apple Inc., Synaptics, Incorporated, and Chico's FAS, Inc.


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