LendingTree (TREE) Shows No Indication of Slowing Down; BWS Financial Raises PT to $150
BWS Financial reiterated a Buy rating on LendingTree (NASDAQ: TREE), and raised the price target to $150.00 (from $130.00), following the company's 3Q15 earnings results. MyLendingTree.com now has over 2 million subscribers and growing giving TREE a growing base
of users that it could monetize through different credit products.
Analyst Hamed Khorsand commented, "LendingTree (TREE) followed through on our expectations of a strong third quarter with beating our estimates on growth from mortgage and nonmortgage. The Company has seen a continued ramp in the number of visitors to its website and is adding more lenders to its customer base."
For an analyst ratings summary and ratings history on Tree.Com click here. For more ratings news on Tree.Com click here.
Shares of Tree.Com closed at $98.00 yesterday.