Needham Maintains Buy on LendingTree, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mayank Tandon has maintained a 'Buy' rating on LendingTree (NASDAQ:TREE) but lowered the price target from $27 to $17.
November 01, 2023 | 10:53 am
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LendingTree's price target has been lowered from $27 to $17 by Needham, although the 'Buy' rating is maintained.
The lowering of the price target by Needham could lead to a negative sentiment among investors, potentially causing a short-term drop in LendingTree's stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100