Needham analyst Mayank Tandon maintained a Buy rating on Lendingtree (NASDAQ:TREE) Inc on Monday, setting a price target of $400, which is approximately 25.96% above the present share price of $317.56.
Tandon expects Lendingtree Inc to post earnings per share (EPS) of $0.00 for the third quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Lendingtree, with an average price target of $356.29.
The analysts price targets range from a high of $400 to a low of $280.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $184.33 million and a net profit of $334 thousand. The company's market cap is $4.16 billion.
According to TipRanks.com, Needham analyst Mayank Tandon is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.3% and a 68.39% success rate.
LendingTree, Inc. engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Home, Consumer, Insurance, and Other. The Home segment consists of purchase mortgage, refinance mortgage, home equity loans and lines of credit, reverse mortgage loans, and real estate. The Consumer segment includes credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products. The Insurance segment comprises of insurance quote products. The Other segment deals with the resale of online advertising space to third parties and revenue from home improvement referrals. The company was founded Douglas Lebda in April 2008 and is headquartered in Charlotte, NC.