** Shares of lending services provider Open Lending Corp LPRO.O rise 3.9% to $5.86 premarket
** Needham upgrades shares of LPRO to "buy" from "hold"; establishes $7 PT, a 24% upside to stock's last close
** Brokerage says upgrade follows signs of modest improvement in the auto lending market
** Adds that it is increasingly confident there will be an improvement in loan certification volumes as FY 2025 progresses
** Six of nine brokerages rate the stock "buy" or higher and three "hold"; their median PT is $7 - LSEG data
** LPRO stock slumped 29.9% in 2024
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.