On Deck Capital Inc (NASDAQ:ONDK) was upgraded by Zacks Investment Research from a hold rating to a buy rating in a research note issued on Wednesday, Market Beat.com reports. The brokerage currently has a $12.00 price target on the stock. Zacks Investment Researchs target price suggests a potential upside of 16.05% from the stocks previous close.
According to Zacks, On Deck Capital, Inc. is an on-line platform that uses a big data, analytic model to source, underwrite, and fund loans to small businesses. The Company offers online tools and resources including data aggregation and electronic payment technology, and to evaluate the health of small businesses. Its small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small business loans, small business loans online, retail capital, fast small business financing, short-term business loans, business equipment financing, small business equipment financing and merchant cash advance. On Deck Capital Inc. is based in United States.
On Deck Capital (NASDAQ:ONDK) traded up 0.19% during trading on Wednesday, hitting $10.34. 745,744 shares of the stock were exchanged. On Deck Capital has a 52 week low of $8.55 and a 52 week high of $24.48. The firm has a 50-day moving average of $10.27 and a 200-day moving average of $10.53. The stocks market capitalization is $723.53 million.