Needham Maintains Buy on LendingTree, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mayank Tandon maintains a Buy rating on LendingTree (NASDAQ:TREE) and raises the price target from $40 to $56.
April 30, 2024 | 4:45 pm
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POSITIVE IMPACT
Needham analyst Mayank Tandon reaffirms a Buy rating on LendingTree and increases the price target to $56 from $40.
The upgrade in price target by a reputable analyst like Mayank Tandon from Needham is a strong positive signal for LendingTree. Such endorsements typically lead to increased investor confidence and can drive the stock price up in the short term. The significant raise from $40 to $56 indicates a bullish outlook on the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100