Analyst Mayank Tandon from Needham reiterated a Buy rating on Lendingtree (TREE – Research Report) and decreased the price target to $65.00 from $78.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Mayank Tandon has given his Buy rating due to a combination of factors that highlight Lendingtree’s strong performance and promising outlook. The company has reported fourth-quarter results that surpassed market expectations in both revenue and EBITDA, driven by improvements across all three of its business segments, including home equity line of credit demand, personal and small business lending, and insurance leads.
Furthermore, Lendingtree has provided an optimistic forecast for the upcoming quarters, projecting double-digit growth in its consumer, home, and insurance sectors. This positive outlook is supported by successful diversification strategies and a favorable demand environment. Additionally, the stock’s valuation appears attractive, with a forward EV/EBITDA multiple that suggests potential for upside. These elements collectively underpin Tandon’s decision to maintain a Buy rating on Lendingtree’s stock.
Tandon covers the Technology sector, focusing on stocks such as Agilysys, Euronet Worldwide, and Par Technology. According to TipRanks, Tandon has an average return of -2.6% and a 38.12% success rate on recommended stocks.
In another report released today, J.P. Morgan also reiterated a Buy rating on the stock with a $68.00 price target.
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue