Oppenheimer analyst Jed Kelly maintained a Buy rating on Lendingtree (TREE – Research Report) today and set a price target of $45.00. The company’s shares closed yesterday at $32.62.
According to TipRanks, Kelly is a 3-star analyst with an average return of 0.8% and a 44.81% success rate. Kelly covers the Consumer Cyclical sector, focusing on stocks such as DraftKings, Expedia, and Airbnb.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lendingtree with a $36.60 average price target, which is a 12.20% upside from current levels. In a report released today, Truist Financial also maintained a Buy rating on the stock with a $31.58 price target.
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TREE market cap is currently $443.3M and has a P/E ratio of -3.06.
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Lendingtree (TREE) Company Description:
LendingTree, Inc. engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Home, Consumer, Insurance, and Other. The Home segment consists of purchase mortgage, refinance mortgage, home equity loans and lines of credit, reverse mortgage loans, and real estate. The Consumer segment includes credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products. The Insurance segment comprises of insurance quote products. The Other segment deals with the resale of online advertising space to third parties and revenue from home improvement referrals. The company was founded Douglas Lebda in April 2008 and is headquartered in Charlotte, NC.
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