Shares of LendingClub Inc. are up 16% in Wednesday morning trading after the company reported an earnings beat but missed expectations on revenue. Analysts weighed in after the results came out, including Susquehanna Financial Group's Jamie Friedman, who wrote that positive data points included "improved marketing costs (due to better risk model calibration), as well as driving greater efficiencies out of G&A, engineering and product development expenses." Friedman left his $7 price target and positive rating intact, writing that the "profitability trajectory looks sustainable." BTIG analyst Mark Palmer also maintained his buy rating and $7 target. He said that improvements in marketing efficiency and operating leverage "will be critical if LendingClub is to regain its fully operational footing after struggling to do so for several quarters." LendingClub shares are down 45% over the past 12 months, while the S&P 500 has gained 12%.