LendingTree shares are trading higher after Needham maintained a Buy rating on the stock and raised the price target from $20 to $27.
Portfolio Pulse from Benzinga Newsdesk
LendingTree's stock is trading higher after Needham maintained a Buy rating on the stock and increased the price target from $20 to $27.
July 28, 2023 | 5:14 pm
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POSITIVE IMPACT
Needham's maintained Buy rating and increased price target for LendingTree is likely to boost investor confidence and could lead to a short-term increase in the stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. Needham's decision to maintain a Buy rating and raise the price target for LendingTree indicates a positive outlook for the company, which is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100