LENDINGTREE PROVIDES UPDATE TO 2Q 2022 FINANCIAL GUIDANCE

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Lending Tree (TREE) PT Lowered to $62 at Needham & Company

June 24, 2022 12:08 PM EDT

Needham & Company analyst Mayank Tandon lowered the price target on Lending Tree (NASDAQ: TREE) to $62.00 (from $105.00) while maintaining a Buy rating.

The analyst commented, "TREE recently pre-announced weak preliminary 2Q22 results, calling for revenue, VMM, and EBITDA to all fall short... More

LendingTree (TREE) Shares Plunge 10% on Revised Q2 Guidance

June 23, 2022 4:49 PM EDT

LendingTree, Inc. (NASDAQ: TREE) shares were trading more than 10% lower after-hours following the companys revised Q2 guidance release.

The company expects Q2 revenue to be in the range of $259 - $264 million, compared to the prior range of $283 - $293 million. The consensus was... More