JP Morgan Maintains Overweight on LendingTree, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Melissa Wedel maintains an Overweight rating on LendingTree (NASDAQ:TREE) and raises the price target from $25 to $38.
February 28, 2024 | 2:34 pm
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JP Morgan analyst Melissa Wedel has raised the price target for LendingTree from $25 to $38 while maintaining an Overweight rating.
The increase in price target by a reputable analyst like Melissa Wedel from JP Morgan is a strong positive signal for LendingTree. It suggests confidence in the company's future performance and growth potential. This kind of endorsement can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100