- The shares of LendingTree Inc (NASDAQ: TREE) recently received a $130 price target from Truist. These are the details.
The shares of LendingTree Inc (NASDAQ: TREE) recently received a $130 price target from Truist. And Truist analyst Youssef Squali is maintaining a “Buy” rating on the shares.
Squali adjusted the rating after the company cut its second-quarter revenue guidance. And Squali noted that the sharp decline in refi volumes and pressure on purchase activity, along with slower recovery in Insurance from higher rates and inflationary pressures drove the management to lower guidance. And these trends are likely to last a few more quarters as rates continue to climb.
But Squali also noted that easier comps starting in the fourth quarter should see LendingTree’s aggregate growth re-accelerate in 2023.
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