In a report released today, Melissa Wedel from J.P. Morgan maintained a Buy rating on Lendingtree (TREE – Research Report), with a price target of $70.00. The company's shares closed last Thursday at $46.74, close to its 52-week low of $40.82. According to TipRanks.com, Wedel is a 1-star analyst with an average return of -9.8% and a 47.1% success rate. Wedel covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, Runway Growth Finance Corp, and Oaktree Specialty Lending. Currently, the analyst consensus on Lendingtree is a Strong Buy with an average price target of $69.71, which is a 54.4% upside from current levels.
https://www.tipranks.com/news/blurbs/j-p-morgan-thinks-lendingtrees-stock-is-going-to-recover-2?utm_source=advfn.com&utm_medium=referral
LendingTree (NASDAQ:TREE)
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