RBC Capital Remains Bullish as LendingTree (TREE) Announces CompareCards.com Acquisition

November 17, 2016 5:29 PM EST
Get Alerts TREE Hot Sheet
Price: $106.00 +0.05%

Rating Summary:
    11 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 32 | New: 34
Trade TREE Now!
Join SI Premium – FREE

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

RBC Capital reiterated an Outperform rating on Lending Tree (NASDAQ: TREE), and raised the price target to $120.00 (from $110.00), following the company's announced acquisition of CompareCards.com. CompareCards.com was launched in 2005 and attracts >1.5MM consumers each month. RBC believes that this transaction will allow Credit Card revenue at TREE to sustain premium growth and increasingly gain share in this important category.

Analyst Mark Mahaney commented, "Last night, TREE announced it acquired CompareCards.com and hosted a call this morning. CompareCards provides TREE with greater scale, improved marketing/analytic capability and deeper relationships within the credit card segment, all of which should lead to sustained improvement in issuer payouts. Raising ests & PT to $120 (from $110)."

For an analyst ratings summary and ratings history on Lending Tree click here. For more ratings news on Lending Tree click here.

Shares of Lending Tree closed at $88.15 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Mergers and Acquisitions

Related Entities

RBC Capital, Definitive Agreement, Mark Mahaney

Add Your Comment