Short interest for LendingTree gives investors a sense of the degree to which investors are betting on the decline of LendingTree's stock. Short interest data is updated every two weeks.

LendingTree Stock (NASDAQ:TREE), Short Interest Report

LendingTree

LendingTree Inc is a United States-based company that is principally engaged in operating an online loan marketplace. The company provides online tools and resources that can help consumers find loans or other credit-based offerings They need, including mortgage loans, reverse mortgage, home equity, personal loans, auto loans, credit cards, student loans, small business loans, and other related offerings. The company offers consumers direct access to a broad range of lenders. They have three reportable segments which are Home, Consumer, and Insurance. The company generates match fees by matching consumers with lenders, and closing fees from lenders on loans when a transaction is closed. The company operates business solely in the United States.

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Why H&amp;E Equipment Services Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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Earnings

LendingTree reported quarterly earnings of 70 cents per share which beat the analyst consensus estimate of 37 cents by 89.19% and represents a 180% increase over earnings from the same period last year. Quarterly sales clocked in at $167.8 million which beat the analyst consensus estimate of $162.773 million by 3.09%.

LendingTree Stock Climbs On Better-Than-Expected Q1 Results, Guidance Above Estimates

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Eli Lilly Increases FY24 Outlook, Joins Brinker International, Zebra Technologies, 3M And Other Big Stocks Moving Higher On Tuesday

LendingTree Inc

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Trees Corp

In the last three months, 9 analysts have published ratings on LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>), offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for LendingTree, presenting an average target of $45.89, a high estimate of $60.00, and a low estimate of $27.00. This upward trend is apparent, with the current average reflecting a 51.85% increase from the previous average price target of $30.22.
<img src="https://www.benzinga.com/files/images/story/2024/1714575629_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of LendingTree among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ryan Tomasello</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$55.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Jed Kelly</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Mayank Tandon</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$56.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Ryan Tomasello</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$45.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$27.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$37.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Melissa Wedel</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$38.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Mayank Tandon</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$40.00</td>
<td>$17.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to LendingTree. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of LendingTree compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for LendingTree's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into LendingTree's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/TREE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on LendingTree analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into LendingTree's Background</h2>
LendingTree Inc is a United States-based company that is principally engaged in operating an online loan marketplace. The company provides online tools and resources that can help consumers find loans or other credit-based offerings They need, including mortgage loans, reverse mortgage, home equity, personal loans, auto loans, credit cards, student loans, small business loans, and other related offerings. The company offers consumers direct access to a broad range of lenders. They have three reportable segments which are Home, Consumer, and Insurance. The company generates match fees by matching consumers with lenders, and closing fees from lenders on loans when a transaction is closed. The company operates business solely in the United States.
<h3>Unraveling the Financial Story of LendingTree</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Challenges: LendingTree's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -33.51%. This indicates a decrease in top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.47%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): LendingTree's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 11.22% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): LendingTree's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.51% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: LendingTree's debt-to-equity ratio is notably higher than the industry average. With a ratio of 4.92, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

A Glimpse Into The Expert Outlook On LendingTree Through 9 Analysts

Keefe, Bruyette &amp; Woods analyst Ryan Tomasello maintains LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) with a Outperform and raises the price target from $45 to $60.

Price Target

Keefe, Bruyette & Woods Maintains Outperform on LendingTree, Raises Price Target to $60

Truist Securities analyst Youssef Squali reiterates LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) with a Buy and raises the price target from $37 to $55.

Reiteration

Truist Securities Reiterates Buy on LendingTree, Raises Price Target to $55

Oppenheimer analyst Jed Kelly maintains LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) with a Outperform and raises the price target from $45 to $55.

Oppenheimer Maintains Outperform on LendingTree, Raises Price Target to $55

Shares of H&amp;E Equipment Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEES#NASDAQ">HEES</a>) fell sharply during Tuesday's session following <a href="https://www.benzinga.com/quote/HES/earnings">mixed first-quarter results</a>.
H&amp;E Equipment posted GAAP earnings of 71 cents per share, versus market estimates of 77 cents per share. The company's quarterly sales came in at $371.357 million versus expectations of $352.518 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
H&amp;E Equipment Services shares dipped 18.2% to $48.45 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Akili, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKLI#NASDAQ">AKLI</a>) shares jumped 67.2% to $0.3927 after the company announced Shionogi has canceled and forgiven a $5.0 million long-term debt obligation and agreed to make certain payments for SDT-001.</li>
<li>AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) gained 57.5% to $3.70 after the company highlighted plans for its previously-announced merger with Triller.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) climbed 55.4% to $2.12 after falling over 9% on Monday.</li>
<li>Global Mofy Metaverse Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares gained 50.2% to $1.40 after the company&#8217;s Gauss AI teamed with Heartdub to develop the Gausspeed generative AI platform.</li>
<li>GeneDx Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) rose 40.8% to $15.49 after the company reported better-than-expected first-quarter financial results and raised its FY2024 sales guidance.</li>
<li>Eliem Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELYM#NASDAQ">ELYM</a>) gained 39.4% to $7.00.</li>
<li>Swvl Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) surged 29.8% to $13.14 after announcing results for the fiscal year 2023.</li>
<li>Next.e.GO N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGOX#NASDAQ">EGOX</a>) gained 26.4% to $0.0349.</li>
<li>Blend Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) shares climbed 25.8% to $2.83 after the company announced a strategic partnership with Haveli Investments, including a $150 million investment.</li>
<li>Daré Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DARE#NASDAQ">DARE</a>) rose 24.2% to $0.3460 after the XOMA acquired an economic interest in the company&#8217;s women&#8217;s health assets. Also, the company announced that the transaction allows it to focus on advancing Phase 3 first-in-category women&#8217;s health product candidates.</li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) gained 24.2% to $46.39 after the company beat first-quarter estimates and issued strong guidance.</li>
<li>MIND Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIND#NASDAQ">MIND</a>) rose 24% to $5.85 following quarterly results.</li>
<li>Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) gained 19.8% to $6.85.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) rose 19.2% to $11.19 following a first-quarter revenue beat.</li>
<li>Marin Software Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) rose 18.8% to $3.1002 after the company announced the launch of its AI-powered Anomaly Detector.</li>
<li>ATI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) gained 15.5% to $59.94 following upbeat quarterly results.</li>
<li>Clearwater Paper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) gained 15.2% to $46.88 following better-than-expected earnings.</li>
<li>LSB Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) rose 13.4% to $9.32 following strong quarterly earnings.</li>
<li>SES AI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) gained 13.3% to $1.53.</li>
<li>E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) rose 12.5% to $4.7950 following upbeat results.</li>
<li>Sensata Technologies Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) shares climbed 12.1% to $40.04 as the company reported stronger-than-expected results for its first quarter on Monday. The company said Jeff Cote will retire as CEO and President. Sensata said it sees second-quarter adjusted earnings of 89 cents to 95 cents per share on revenue of $1.025 billion to $1.055 billion.</li>
<li>Addex Therapeutics Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) jumped 10.3% to $8.31. Addex shares dipped 53% on Monday after the company announced the Phase 2 ADX71149 epilepsy study did not achieve statistical significance for the primary endpoint of time for patients to reach baseline seizure count when ADX71149 was added to standard of care.</li>
<li>AgEagle Aerial Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#NASDAQ">UAVS</a>) gained 10.4% to $0.77. AgEagle announced $3.4 million drone sale to French Army.</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) rose 9.2% to $108.28 after the company reported better-than-expected first quarter earnings and issued strong guidance.</li>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) gained 7.5% to $53.38 after the company reported strong third-quarter financial results and raised FY24 guidance.</li>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) rose 6.6% to $785.51 after the company raised its FY24 revenue guidance.</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) gained 5.5% to $97.25 following a first-quarter earnings beat.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) fell 30.6% to $1.4127 after surging 48% on Monday.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) declined 29.7% to $1.25.</li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares fell 26.1% to $5.30 after the company posted first-quarter results and named Nathan Shultz as CEO.</li>
<li>NRx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) dipped 25% to $2.6592 after the company announced findings from its Phase 2b/3 trial of NRX-101 vs. Lurasidone.</li>
<li>Bakkt Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>) fell 23.5% to $7.62. Bakkt Holdings is expected to release its first quarter 2024 earnings on Tuesday, May 14.</li>
<li>Medifast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MED#NYSE">MED</a>) shares declined 22.6% to $27.50 after the company reported mixed first-quarter financial results.</li>
<li>Vince Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) were down 21.4% to $1.6536 after the company posted fourth-quarter results.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) fell 20.1% to $1.63.</li>
<li>Top Wealth Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWG#NASDAQ">TWG</a>) dipped 18% to $1.14.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) declined 16.4% to $1,081.53 after the company reported worse-than-expected financial results for the first quarter.</li>
<li>Safe &amp; Green Holdings Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) fell 16% to $0.1185 after declining 4% on Monday.</li>
<li>ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) declined 15.8% to $108.96 after the company reported worse-than-expected first quarter adjusted EPS results.</li>
<li>CECO Environmental Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) fell 15% to $21.59 after the company reported worse-than-expected first-quarter sales results.</li>
<li>GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) declined 13.2% to $77.22 following a first-quarter earnings miss.</li>
<li>Coursera, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) shares declined 13.1% to $10.34 after the company reported mixed first-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) fell 12.5% to $0.6393. Complete Solaria shares jumped 92% on Monday after the company named T.J. Rodgers as CEO.</li>
<li>Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) fell 11% to $5.18 after the company reported worse-than-expected quarterly sales results.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) declined 9.3% to $7.39 on reports NBCUniversal is preparing an offer that could take NBA rights from TNT.</li>
<li>F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) fell 7.6% to $168.36. F5 reported upbeat earnings for its second quarter, but issued weak forecast for the third quarter.</li>
<li>Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) declined 7.5% to $58.80 following quarterly results.</li>
<li>The Macerich Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAC#NYSE">MAC</a>) fell 7.4% to $14.82 following quarterly earnings.</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) shares declined 7.3% to $37.13. Yum China posted upbeat earnings for its first quarter, while sales missed expectations.</li>
<li>Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) shares declined 7.3% to $56.10 following first-quarter results.</li>
</ul>
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Why H&E Equipment Services Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Needham analyst Mayank Tandon maintains LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) with a Buy and raises the price target from $40 to $56.

Needham Maintains Buy on LendingTree, Raises Price Target to $56

LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) shares are trading higher Tuesday after the company posted better-than-expected first-quarter financial results and issued strong guidance. Here's a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37372372/lendingtrees-growth-in-insurance-and-sem-advertising-positions-for-multi-year-cycle">look at the details.&nbsp;</a>
The Details:
LendingTree <a href="https://www.benzinga.com/pressreleases/24/04/n38514573/lendingtree-reports-first-quarter-2024-results">reported </a>quarterly earnings of 70 cents per share which beat the analyst consensus estimate of 37 cents by 89.19% and represents a 180% increase over earnings from the same period last year.&nbsp;
Quarterly sales clocked in at $167.8 million which beat the analyst consensus estimate of $162.773 million by 3.09%.&nbsp;
Home segment revenue of $30.4 million decreased 30% over the first quarter 2023 and produced segment profit of $9.6 million. Insurance segment revenue of $85.9 million increased 11% over the first quarter 2023 and translated into segment profit of $33.4 million, up 11% over the same period.
&#8220;We are happy to report quarterly AEBITDA grew 49% YoY, exceeding the high end of our forecast.&nbsp; Our Insurance segment produced very strong performance in the first quarter, growing both revenue and segment profit by double-digits as insurance carrier partners steadily increased their budgets with us,&#8221; said Doug Lebda, CEO of LendingTree.&nbsp;&nbsp;
&#8220;At the same time, a stable lending environment is benefiting Consumer segment revenue, allowing us to lean back into our marketing efforts to match more customers with the best financial products in our marketplace.&nbsp; We believe we are finally through the worst part of the cycle for our company, when all three of our reportable segments were operating at or near trough revenue levels,&#8221; Lebda added.&nbsp;
Outlook:&nbsp;
LendingTree sees second-quarter revenue in a range of $175 million to $190 million, versus the $168.325 million estimate. The company updated its full-year revenue guidance from between $650 million and $690 million to between $690 million and $720 million, versus the $670.255 million analyst estimate.&nbsp;
Related News: <a href="https://www.benzinga.com/news/24/04/38497173/whats-going-on-with-rivian-automotive-stock">What&#8217;s Going On With Rivian Automotive Stock?</a>
TREE Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, LendingTree shares are up 23.1% at $45.97 at the time of publication Tuesday.
Image: Shutterstock

U.S. stocks were lower, with the Dow Jones index falling over 100 points on Tuesday.
Shares of Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) rose sharply during Tuesday's session after the company raised its <a href="https://www.benzinga.com/general/biotech/24/04/38521126/eli-lillys-weight-loss-drug-still-going-strong-boosts-annual-forecast">FY24 revenue guidance</a>.
Eli Lilly reported first-quarter revenue of $8.77 billion, up 26% year over year, marginally missing the consensus of $8.92 billion, driven by increases of 16% in volume and 10% due to higher realized prices. Eli Lilly posted an adjusted EPS of $2.58, beating the consensus of $2.46, higher than $1.62 a year ago, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Eli Lilly forecasts fiscal year 2024 sales of $42.4 billion -$43.6 billion versus prior guidance of $40.4 billion-$41.6 billion and consensus of $41.36 billion.
Eli Lilly shares surged 6.6% to $785.51 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>GeneDx Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) shares jumped 40.8% to $15.49 after the company reported better-than-expected first-quarter financial results and raised its FY2024 sales guidance.</li>
<li>Blend Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) shares surged 25.8% to $2.83 after the company announced a strategic partnership with Haveli Investments, including a $150 million investment.</li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) rose 24.2% to $46.39 after the company beat first-quarter estimates and issued strong guidance.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) climbed 19.2% to $11.19 following a first-quarter revenue beat.</li>
<li>ATI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) rose 15.5% to $59.94 following upbeat quarterly results.</li>
<li>Clearwater Paper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) rose 15.2% to $46.88 following better-than-expected earnings.</li>
<li>LSB Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) climbed 13.4% to $9.32 following strong quarterly earnings.</li>
<li>E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) gained 12.5% to $4.7950 following upbeat results.</li>
<li>Sensata Technologies Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) shares gained 12.1% to $40.04 as the company reported stronger-than-expected results for its first quarter on Monday. The company said Jeff Cote will retire as CEO and President. Sensata said it sees second-quarter adjusted earnings of 89 cents to 95 cents per share on revenue of $1.025 billion to $1.055 billion.</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) gained 9.2% to $108.28 after the company reported better-than-expected first quarter earnings and issued strong guidance.</li>
<li>Woodward, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) surged 8.4% to $163.77 after the company reported better-than-expected second-quarter financial results.</li>
<li>Trane Technologies plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) gained 8.2% to $325.43  after the company reported a first-quarter earnings beat and raised its FY24 guidance.</li>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) climbed 7.5% to $53.38 after the company reported strong third-quarter financial results and raised FY24 guidance.</li>
<li>The Timken Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKR#NYSE">TKR</a>) rose 7.2% to $92.96 following upbeat earnings.</li>
<li>Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) climbed 7% to $33.99 following better-than-expected quarterly earnings.</li>
<li>Commvault Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) climbed 6.4% to $105.87 following strong earnings.</li>
<li>Zebra Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) gained 6% to $318.05 after the company reported better-than-expected first-quarter results, and updated FY24 guidance.</li>
<li>ACI Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIW#NASDAQ">ACIW</a>) gained 5.7% to $34.99 after the company reported better-than-expected first-quarter results.</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) shares rose 5.5% to $97.25 following a first-quarter earnings beat.</li>
<li>Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) gained 5.1% to $33.07 after the company reported better-than-expected quarterly financial results.</li>
<li>NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) rose 4.5% to $258.20 after the company reported better-than-expected quarterly financial results and issued guidance.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/04/38316287/netflix-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

WIIM

Lendingtree shares are trading higher after the company beat Q1 estimates and issued strong guidance.

Guidance

Lending Tree Sees Q2 2024 Revenue $175M-$190M Vs $168.325M Est.

LendingTree Updates FY24 Revenue From $650M-$690M To $690M-$720M Vs $670.255M Est.

LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.37 by 89.19 percent. This is a 180 percent increase over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $167.800 million which beat the analyst consensus estimate of $162.773 million by 3.09 percent. This is a 16.31 percent decrease over sales of $200.500 million the same period last year.

Earnings Beats

LendingTree Q1 2024 Adj EPS $0.70 Beats $0.37 Estimate, Sales $167.800M Beat $162.773M Estimate

LendingTree intends to draw&nbsp;$125 million&nbsp;of the facility upon funding while the remainder will be available as a delayed draw during the following 12 months.&nbsp;The funds will be used for general corporate purposes, which may include repayment of existing debt.

Financing

LendingTree Secures Up To $175M In Financing In The Form Of First Lien Term Loan Facility From Funds Managed By Apollo Affiliates

ARCC

FRGE

HIPO

LGHL

MRAI

PUYI

RILY

SWIN

TIGR

UPST

Shares of companies within the broader financial sector are trading lower amid overall market weakness following worse-than-expected February PPI data.

Keefe, Bruyette &amp; Woods&nbsp;analyst Ryan Tomasello upgraded&nbsp;LendingTree, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) from Market Perform to Outperform,&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/TREE/analyst-ratings" rel="noreferrer noopener">raising the forecast to $45 from $24.</a>
Per Tomasello, the 2024 earnings recovery for LendingTree is led by a rebound in the company&#8217;s insurance segment,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">where 2024 guidance could be conservative.</a>
Going ahead, the analyst forecasts that insurance segment revenue/profit will surpass prior peaks this year (roughly 30-40% Y/Y growth) and continue double-digit growth in 2025.
The analyst highlighted an &#8220;increased conviction&#8221; in the company&#8217;s ability to efficiently address its convert maturity in 1H24.&nbsp;
Longer-term, Tomasello sees the company addressing certain areas, including regaining market share in the consumer segment and refining its purchase mortgage offering.
However, the analyst projects these items to take a back seat over the near-term as investors focus on the broader earnings recovery and balance sheet optimization.
As a leader in the largest SEM advertising category, the analyst highlighted that the company is well-positioned on a relatively competitive basis to capitalize on what could be a multi-year growth cycle.&nbsp;
However, the uncertainty around the firm&#8217;s ability to address its July 2025 convert maturity has been the primary overhang on the stock over the last year.
According to Tomasello, avoiding equity-linked dilution is a top priority for management.&nbsp;
With $112 million of cash and $284 million of the convert remaining, the analyst sees the firm has a viable path to addressing the maturity via a combination of additional repurchases at a discount and/or refinancing the remaining portion while keeping net leverage &lt;4x.
Tomasello raised FY24 earnings&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">per share estimate to $2.04 from $1.56.&nbsp;</a>
Price Action:&nbsp;TREE shares are trending higher by 8.4% to $35.37 on the last check Wednesday.&nbsp;

Analyst Color

Equities

Upgrades

Trading Ideas

General

LendingTree's Growth in Insurance and SEM Advertising Positions for Multi-Year Cycle, Says Analyst

LendingTree shares are trading higher after Keefe, Bruyette & Woods upgraded the stock from Market Perform to Outperform and raised its price target from $24 to $45. Also, multiple firms raised their respective price targets on the stock.

Susquehanna analyst James Friedman maintains LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) with a Neutral and raises the price target from $15 to $27.

Susquehanna Maintains Neutral on LendingTree, Raises Price Target to $27

Truist Securities analyst Youssef Squali maintains LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) with a Buy and raises the price target from $24 to $37.

Truist Securities Maintains Buy on LendingTree, Raises Price Target to $37

JP Morgan analyst Melissa Wedel maintains LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) with a Overweight and raises the price target from $25 to $38.

JP Morgan Maintains Overweight on LendingTree, Raises Price Target to $38

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Oppenheimer boosted the price target for Tarsus Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tars#NASDAQ">TARS</a>) from $55 to $59. Oppenheimer analyst Francois Brisebois reiterated an Outperform rating. Tarsus Pharmaceuticals shares gained 18.3% to close at $39.22 on Tuesday. <a href="https://www.benzinga.com/quote/TARS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush increased the price target for Apellis Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apls#NASDAQ">APLS</a>) from $60 to $67. Wedbush analyst Laura Chico maintained a Neutral rating. Apellis Pharmaceuticals shares fell 3.3% to close at $69.35 on Tuesday. <a href="https://www.benzinga.com/quote/APLS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham increased Axon Enterprise, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axon#NASDAQ">AXON</a>) price target from $240 to $315. Needham analyst Joshua Reilly maintained a Buy rating. Axon Enterprise shares rose 0.1% to close at $271.82 on Tuesday. <a href="https://www.benzinga.com/quote/AXON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho slashed the price target for Essex Property Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ess#NYSE">ESS</a>) from $255 to $250. Mizuho analyst Vikram Malhorta upgraded the stock from Neutral to Buy. Essex Property Trust shares gained 0.9% to close at $227.73 on Tuesday. <a href="https://www.benzinga.com/quote/ESS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James lowered Integral Ad Science Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ias#NASDAQ">IAS</a>) price target from $20 to $16. Raymond James analyst Andrew Marok downgraded the stock from Strong Buy to Outperform. Integral Ad Science shares gained 1.4% to close at $17.10 on Tuesday. <a href="https://www.benzinga.com/quote/IAS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>DA Davidson boosted the price target for Sterling Infrastructure, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strl#NASDAQ">STRL</a>) from $86 to $115. DA Davidson analyst Brent Thielman downgraded the stock from Buy to Neutral. Sterling Infrastructure shares climbed 18.1% to close at $106.22 on Tuesday. <a href="https://www.benzinga.com/quote/STRL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham boosted LendingTree, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tree#NASDAQ">TREE</a>) price target from $17 to $40. Needham analyst Mayank Tandon maintained a Buy rating. LendingTree shares fell 4.8% to close at $32.62 on Tuesday. <a href="https://www.benzinga.com/quote/TREE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc boosted ICU Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icui#NASDAQ">ICUI</a>) price target from $134 to $136. Keybanc analyst Brett Fishbin maintained an Overweight rating. ICU Medical shares climbed 1.2% to close at $106.81 on Tuesday. <a href="https://www.benzinga.com/quote/ICUI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays raised Ecolab Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ecl#NYSE">ECL</a>) price target from $225 to $260. Barclays analyst Manav Patnaik upgraded the stock from Equal-Weight to Overweight. Ecolab shares gained 0.8% to close at $222.09 on Tuesday. <a href="https://www.benzinga.com/quote/ECL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group increased Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) price target from $105 to $140. Telsey Advisory Group maintained an Outperform rating. Abercrombie &amp; Fitch shares fell 0.3% to close at $125.78 on Tuesday. <a href="https://www.benzinga.com/quote/ANF/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37360001/these-3-energy-stocks-with-over-5-dividend-yields-are-recommended-by-wall-streets-most-a"> These 3 Energy Stocks With Over 5% Dividend Yields Are Recommended By Wall Street&#39;s Most Accurate Analysts </a>

Small Cap

APLS

AXON

ICUI

STRL

TARS

ICU Medical To Rally Around 28%? Here Are 10 Top Analyst Forecasts For Wednesday

Marathon Digital, Cleanspark among financial movers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
LendingTree (NASDAQ:<a href="https://investorplace.com/stock-quotes/tree-stock-quote/">TREE</a>) just reported results for the first quarter of 2024.<ul><li>LendingTree reported earnings per share of 70 cents. This was above the analyst estimate for EPS of 36 cents.</li><li>The company reported revenue of $167.80 million.</li><li>This was 3.33% better than the analyst estimate for revenue of $162.40 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/tree-stock-earnings-lendingtree-for-q1-of-2024/">TREE Stock Earnings: LendingTree Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

TREE Stock Earnings: LendingTree Beats EPS, Beats Revenue for Q1 2024

Analyst Mayank Tandon of Needham reiterated a Buy rating on Lendingtree (TREE – Research Report), boosting the price target to $56.00. Mayank Tando...

Lendingtree's Strong Performance and Growth Potential Affirm Buy Rating

BKKT, CETX and SWVL among mid-day movers

LendingTree, Inc. (TREE) Q1 2024 Earnings Call Transcript

In a report released yesterday, Ryan Tomasello from KBW maintained a Buy rating on Lendingtree (TREE – Research Report), with a price target of $60...

KBW Keeps Their Buy Rating on Lendingtree (TREE)

J.P. Morgan analyst Melissa Wedel has reiterated their bullish stance on TREE stock, giving a Buy rating yesterday. Melissa Wedel's rating is based...

Lendingtree Poised for Growth: Strong FY24 Outlook and Buy Recommendation

There's a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Lendingtree (TREE – Research Report) and NMI Holdings...

Analysts Offer Insights on Financial Companies: Lendingtree (TREE) and NMI Holdings (NMIH)

There's a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Lendingtree (TREE – Research Report) and American Exp...

Wall Street Analysts Are Bullish on Top Financial Picks

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Analysts are keen to keep track of analyst upgrades and price revisions, notably&nbsp;JPMorgan&nbsp;price targets.



Often, those upgrades and price revisions are influenced by 1) company fundamentals, such as financial health, future growth, and even meetings with management; 2) industry and market trends, including specific market conditions and economics; 3) earnings and financial data, including earnings reports that came in better than expected, or competitive analysis of a competitor, and guidance; 4) other times they may be piling into a stock based on the positivity of other firms.



You also want to make sure you&rsquo;re not just following any firm on the market when it comes to upgrades and price revisions. Unless you&rsquo;re a big fan of losing money, take an interest in top-rated analysts and firms, especially when their calls seem to be spot on.



Also, before buying on an upgrade or a price revision, pay attention to what&rsquo;s happening technically. The last thing you want to do is buy into a recently upgraded, but overbought stock. That&rsquo;s a great way to lose your money.



One of the top ones to keep track of are JPMorgan price targets. In fact, here are some of the top stocks the firm recently raised its price targets on.



<h2>Lending Tree (TREE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/tree1600-300x169.jpg" alt="Lending Tree (TREE) website under magnifying glass"><div>Source: II.studio / Shutterstock.com</div></div>Over the last few days,&nbsp;Lending Tree&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tree-stock-quote/">TREE</a>) gapped from about $38.76 to a high of $49.62.&nbsp;



Reiterating its overweight rating on TREE,&nbsp;<a href="https://www.investing.com/news/company-news/lending-tree-shares-target-raised-by-jpmorgan-on-strong-q1-results-93CH-3409648">the firm did raise its price target to $53 from $38</a>. Plus, not only did Lending Tree&rsquo;s adjusted EBITDA come in better than forecasts, revenue hit the upper end of guidance. Even more impressive, the company raised its full-year numbers to a new range of $690 million to $720 million, which is about 5% higher than expectations.&nbsp;



First-quarter earnings per share of 70 cents beat estimates by 34 cents. Revenue of $167.8 million, while down 16.3% year-over-year (YOY), beat by $4.77 million. For the full year, the new range of $690 million to $720 million is above estimates for $667.53 million. For the second quarter, the company expects revenue to come in between $175 million and $190 million, which is also above expectations for $166.82 million.



While I do like the stock, and JPMorgan&rsquo;s call here, I&rsquo;d wait for the TREE stock to pull back before buying. Technically, after all the good news, it&rsquo;s overbought on RSI, Full Stochastics, and also Williams&rsquo; %R.



<h2>Dow Inc. (DOW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/chemicals-300x169.jpg" alt="Detail of chemical plant, silos and pipes"><div>Source: Shutterstock</div></div>JPMorgan also upgraded&nbsp;Dow&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/dow-stock-quote/">DOW</a>) to an&nbsp;<a href="https://www.investing.com/news/company-news/dow-inc-stock-upgraded-by-jpmorgan-price-target-raised-93CH-3400258">overweight rating, with a price target of $61</a>&nbsp;from $55. The firm likes the company&rsquo;s position amid higher oil prices, and its dividend, which currently yields 4.92%. The analysts also &ldquo;pointed out that Dow&rsquo;s valuation is not overpriced, trading at 6.5 times the firm&rsquo;s estimated 2026 EBITDA projection,&rdquo;&nbsp;<a href="https://www.investing.com/news/company-news/dow-inc-stock-upgraded-by-jpmorgan-price-target-raised-93CH-3400258">as noted by Investing.com</a>.



At the moment, Dow Inc. trades at less than growth with a price to earnings growth ratio of just 0.79. Additionally, it trades at less than sales with a price-to-sales ratio of 0.92 and its recent pullback from $60.69 to support at $56.96. From here, I&rsquo;d like to see it initially retest prior resistance above $60 again shortly.



Earnings weren&rsquo;t too shabby. Its first quarter EPS of 56 cents beat estimates by 11 cents. However, net sales of $10.8 billion were down 9% YOY. Notably, returns to shareholders came in at $693 million in the quarter. This included $493 million in dividends and nearly $200 million in share buybacks.



<h2>Spotify (SPOT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/spot_spotify_1600-300x169.png" alt="Close up view of a smartphone with Spotify (SPOT) logo on display. Laptop and headphone on background. New technology, social media, network, liquid music concept."><div>Source: Fabio Principe / Shutterstock.com</div></div>JPMorgan just&nbsp;<a href="https://thefly.com/news.php?symbol=SPOT">raised its price target</a>&nbsp;on&nbsp;Spotify&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/spot-stock-quote/">SPOT</a>) to $365 from $320, with an overweight rating. The firm likes the company&rsquo;s strong execution in the first quarter.&nbsp;



In addition,&nbsp;<a href="https://thefly.com/news.php?symbol=SPOT">as highlighted by TheFly.com</a>, &ldquo;Gross margin strength is being driven by Music and Marketplace gains, Podcast improvement and Advertising, with additional cost efficiencies helping to drive significant operating income growth and meaningfully higher free cash flow in 2024.&rdquo; The analysts are also confident in Spotify&rsquo;s ability to grow revenue and increase its profitability along the way, too.



Moreover, the company just said its premium subscriber numbers just 14% YOY to 239 million from 236 million. And, it said it would raise the cost of it audio program by as much as $2 per month in its key markets. Moving forward, SPOT expects to add another six million net new premium subscribers.



Technically, after finding strong resistance at around $319.30, it&rsquo;s now consolidating around $284. From here, I&rsquo;d like to see it initially retest $319.30.



On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/jpmorgan-just-raised-its-price-target-on-these-3-stocks/">JPMorgan Just Raised Its Price Target on These 3 Stocks</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

JPMorgan Just Raised Its Price Target on These 3 Stocks

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