Wall Street is positive on Loandepot Inc (LDI). On average, analysts give LDI a Buy rating. The average price target is $12.555, which means analysts expect the stock to add by 175.33% over the next twelve months.
That average ranking earns LDI an Analyst Rating of 24, which is better than 24% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating LDI a Buy today. Find out what this means to you and get the rest of the rankings on LDI!
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Loandepot Inc Stock Today?
Loandepot Inc (LDI) stock is trading at $4.56 as of 11:00 AM on Thursday, Dec 16, an increase of $0.26, or 6.05% from the previous closing price of $4.30. The stock has traded between $4.31 and $4.59 so far today. Volume today is low. So far 293,661 shares have traded compared to average volume of 1,188,269 shares.
Click Here to get the full Stock Report for Loandepot Inc stock.