๐ LendingTree ($TREE) Climbs on Strong Earnings & Analyst Upgrade
LendingTree (NASDAQ: TREE) is holding steady near $54.17, riding strong momentum after a Q2 earnings beat and an upgrade to โStrong Buyโ from analysts.
๐ Key Highlights:
Q2 Earnings: EPS of $0.65 vs. estimate of $0.58, revenue of $250.1M, beating expectations by 8%.
Price Target: Average raised to $65.38, implying a 20.7% upside from current levels.
Price Momentum: Up +12% over the past week and +40% in the last month.
Valuation: 52-week range between $33.50 โ $62.49, showing strong recent recovery.
Profitability: Net loss of about $54M (TTM) โ profitability remains a focus.
๐ก With solid earnings and analyst confidence, TREE shows promising growth potential, though investors should watch for sustained profitability amid high volatility.
