UPDATE: RBC Capital Starts LendingTree (TREE) at Outperform
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SunTrust Robinson Humphrey Starts LendingTree (TREE) at Buy
November 9, 2015 7:36 AM ESTSunTrust Robinson Humphrey initiates coverage on LendingTree (NASDAQ: TREE) with a Buy rating and a price target of $150.00.
Analyst Robert Peck highlighted the following:
LendingTree is Targeting a Large Market Opportunity. The market for consumer loans is large at more than $12 trillion and dominated by mortgages which account for almost 70% of the consumer debt. Assuming a cost per funded loan of ~150 bps, we estimate the market for loan lead generation at ~$35B. With only 5% currently done online, this creates a long run way for online lending market places, like... More
