LendingTree jumps after Northland upgrades to 'outperform'

LendingTree

21/01/2025 19:12

** Shares of online lending marketplace LendingTree  TREE.O  jump 8% to $43.89
    ** Northland Capital upgrades TREE to "outperform" from "market perform"
    ** Brokerage says 2025 is likely to be about continued strong momentum in TREE's insurance
business, but it also expects to see growth in the consumer segment
    ** Northland expects personal loans to lead the way in fueling consumer segment
growth followed by small and medium-sized business (SMB), auto lending and credit card   
    ** TREE had reported 68% revenue growth in Q3 results last year, largely driven by strong
performance in its insurance segment    
    ** Seven of eight brokerages rate the stock "buy" or higher and one "hold;" median PT $70 —
LSEG 
    ** TREE stock jumped 27.8% in 2024


 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))