Needham & Company analyst, Kerry Rice, thinks Lendingtree's (NASDAQ: TREE) misunderstood market risk creates a buying opportunity. TREE continued to gain market share in Mortgages as lenders increasingly recognize Tree's marketing efficiency with high conversion rate and low cost per funded loan. Tree posted triple-digit growth in Personal Loan revenue and the risk to slowing origination growth is limited by the increasing lenders on its platform, high conversion rates, and competitive price strategies. Credit Cards was the star of 1Q16, reaching double-digit revenue and is likely to serve as a growth engine through FY16. TREE raised FY16 revenue guidance, but maintained its previous EBITDA guidance as it invests for 2H16.

Needham Reiterates Buy, $140 price target.

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Shares of Lending Tree closed at $82.62 yesterday.