LendingTree (NASDAQ:TREE) Stock

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.

Credit Cards Becoming a Lifeline

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Americans Owe A Record $1.21 Trillion In Credit Card Debt — Expert Warns &#39;There&#39;s No End In Sight&#39;

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By the end of 2024, Americans&#8217; credit card debt reached an all-time high of<a href="https://www.newyorkfed.org/newsevents/news/research/2025/20250213"> $1.21 trillion—up $45 billion</a> from the previous quarter and 7.3% higher than in 2023. A major factor in this increase was holiday spending, with consumers spending $702 billion, <a href="https://fred.stlouisfed.org/series/RSXFSN">according to the Federal Reserve Bank of St. Louis</a>.&nbsp;
<h2 class="wp-block-heading">Rising Debt, Delinquency, and Lenders&#8217; Challenges</h2>
Meanwhile, more people are falling behind on payments. According to the <a href="https://www.benzinga.com/startups/25/02/43493701/fed-chair-jerome-powell-faces-trumps-pressure-the-president-cant-fire-me-as-interest-rates-hold-steady-at-4-25-4-5">Federal Reserve</a> Bank of New York&#8217;s <a href="https://www.newyorkfed.org/microeconomics/hhdc">Quarterly Report on Household Debt and Credit</a>, in the third quarter of 2024, approximately 10.93% of credit card accounts in the United States were more than 90 days delinquent.&nbsp;
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This marked the highest rate since the first quarter of 2012. Simply put, a lot of people are struggling to keep up.
Experts cite inflation and increasing reliance on credit cards as main culprits of rising debt. LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) Chief Credit Analyst <a href="https://www.aol.com/credit-card-debt-hit-record-210801896.html#:~:text=%E2%80%9CStubborn%20inflation%20has%20shrunk%20a,over%20the%20last%20two%20decades.">Matt Schulz commented</a>, "Stubborn inflation has shrunk a lot of Americans' financial margin for error from slim to about none, forcing people to lean more heavily on credit card debt."
And it&#8217;s more expensive to carry a balance. The average credit card interest rate has inched <a href="https://www.lendingtree.com/credit-cards/study/average-credit-card-interest-rate-in-america/">over 20%, says LendingTree</a>. That&#8217;s especially painful for lower-income families, as inflation and steep interest charges make it even more difficult to get ahead.
Trending: The average 401(k) balance soars to a record-breaking high – <a href="https://www.benzinga.com/money/average-401k-balances-soars-to-record-high">Here's how to know if your nest egg is keeping pace.</a>
This credit card debt boom is not happening in a vacuum, however. The <a href="https://www.newyorkfed.org/microeconomics/hhdc.html">New York Fed reports </a>that total household debt—comprising mortgages, auto loans, and student loans—totaled $18.04 trillion at the end of 2024.&nbsp;
Despite these economic limitations, consumer spending is sound. However, with high debt loads and still-high rates of interest, financial security remains a mounting concern. &#8220;There&#8217;s very little reason to believe that we won&#8217;t continue to see new credit card debt records being set going forward," Schulz said.
All the states are not hurting to the same degree. <a href="https://www.visualcapitalist.com/mapped-the-average-credit-card-debt-in-every-u-s-state-2024/">Based on Visual Capitalist</a>, most expensive states like Alaska and Washington, D.C., carry the highest average credit card debt—over $7,000 per household—while Mississippi and West Virginia have averages of around $5,300. Nonetheless, high-income states may not struggle as much to pay off debt even with higher debt levels.
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With increasing credit card debt, consumers are seeking other avenues for funding. Buy now, pay later plans are especially popular during the holiday season.<a href="https://news.adobe.com/news/2024/09/092524-adi-holiday-forecast#:~:text=Overview-,Adobe%20Forecasts%20Record%20%24240.8%20Billion%20U.S.%20Holiday%20Season%20Online%20with,Growth%20to%20Outpace%20Cyber%20Monday&amp;text=SAN%20JOSE%2C%20Calif.,1%20through%20Dec.">&nbsp;</a>
<a href="https://news.adobe.com/news/news-details/2024/media-alert-adobe-e-commerce-spend-grows-to-331-6-billion-as-consumers-trade-down-to-cheaper-goods-online">Adobe Analytics</a> reported that during January through April 2024, BNPL accounted for $25.9 billion in e-commerce sales, an 11.8% increase compared to the same months of 2023. Adobe predicted that BNPL would account for between $81 billion and $84.8 billion in online spending for all of 2024, an 8% to 13% year-over-year growth. While helpful, consumer advocates caution overindulgence and increased charges can accompany BNPL if not closely watched, <a href="https://apnews.com/article/buy-now-pay-later-debt-holidays-0bb6006ddf14077ee5ae83fd43486923">according to the Associated Press</a>.&nbsp;
Higher delinquency and <a href="https://www.benzinga.com/personal-finance/25/02/43622327/u-s-student-loan-debt-hits-2-19-trillion-heres-why-experts-say-borrowers-shouldnt-panic-yet">debt </a>levels are also placing a squeeze on lenders. <a href="https://www.ft.com/content/c755a34d-eb97-40d1-b780-ae2e2f0e7ad9">The Financial Times, citing BankRegData, reported</a> that lenders charged off over $46 billion in seriously delinquent credit card debt in the first three quarters of 2024—a 50% increase over 2023 and the highest amount since 2010.
This underscores the economic pressure on low-income consumers, whose savings rate has fallen to zero.
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Americans Owe A Record $1.21 Trillion In Credit Card Debt — Expert Warns 'There's No End In Sight'

President Trump Said Treasury Is Going To Lead The Effort To Cut Unnecessary Regulation, And Will Unleash Lending For All American People And Businesses

U.S. stocks were lower, with the Dow Jones index falling over 100 points on Monday.
Shares of Dada Nexus Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) rose sharply during Monday's session after the company received a preliminary, non-binding proposal from JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) to acquire all shares, including ADSs, at $2.00 per ADS ($0.50 per Ordinary Share) in cash.
The offer represents a 42% premium to the last closing price before the proposal date. The Board has formed a special committee, chaired by Laura Marie Butler, to evaluate JD.com's acquisition proposal.
Dada Nexus shares surged 31.2% to $1.8491 on Monday.
Here are some other big stocks recording gains in today's session.
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<li>Akero Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKRO#NASDAQ">AKRO</a>) shares jumped 114% to $56.03 after the company reported preliminary week 96 results from its SYMMETRY Phase 2B study of Efruxifermin.</li>
<li>89bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETNB#NASDAQ">ETNB</a>) gained 48.7% to $10.60.</li>
<li>Logility Supply Chain Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGTY#NASDAQ">LGTY</a>) gained 24.6% to $14.11 after Aptean announced an agreement to acquire Logility in a $14.30-per-share all-cash deal.</li>
<li>EverQuote, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) gained 17.3% to $20.63.</li>
<li>Titan Machinery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TITN#NASDAQ">TITN</a>) shares rose 10.3% to $17.38. Baird analyst Mircea Dobre upgraded Titan Machinery from Neutral to Outperform and raised the price target from $14 to $25.</li>
<li>Portillo&#8217;s Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTLO#NASDAQ">PTLO</a>) gained 10.2% to $13.76. Stifel analyst Chris O&#8217;Cull upgraded Portillos from Hold to Buy and raised the price target from $13 to $16.</li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) rose 10.2% to $45.67.</li>
<li>Alpha Teknova, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKNO#NASDAQ">TKNO</a>) gained 9.6% to $8.81.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) shares rose 7.4% to $11.59 after jumping 13% on Friday.</li>
<li>Service Properties Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVC#NASDAQ">SVC</a>) gained 7% to $2.92.</li>
<li>LGI Homes, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) rose 6.8% to $96.53</li>
<li>The Hain Celestial Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAIN#NASDAQ">HAIN</a>) climbed 6.2% to $5.65.</li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) gained 5.9% to $24.07 following better-than-expected quarterly financial results.</li>
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Dada Nexus, Titan Machinery, AT&T And Other Big Stocks Moving Higher On Monday

WIIM

LendingTree shares are trading higher after Northland Capital Markets upgraded the stock from Market Perform to Outperform and announced a price target of $60.

In the last three months, 6 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 table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $68.17, a high estimate of $78.00, and a low estimate of $58.00. Surpassing the previous average price target of $62.60, the current average has increased by 8.9%.
<img src="https://www.benzinga.com/files/images/story/2025/1737482432_0_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of LendingTree by financial experts is analyzed through recent analyst actions. The following summary presents 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>Mike Grondahl</td>
<td>Northland Capital Markets</td>
<td>Announces</td>
<td>Outperform</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Jed Kelly</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Ryan Tomasello</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$73.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$58.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$70.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Mayank Tandon</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$78.00</td>
<td>$67.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to LendingTree. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of LendingTree compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for LendingTree's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of LendingTree's market position. Stay informed and make data-driven decisions with the assistance of 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>Unveiling the Story Behind LendingTree</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>LendingTree: A Financial Overview</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: LendingTree's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 68.05%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.
Net Margin: LendingTree's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -22.23%, the company may face hurdles in effective cost management.
Return on Equity (ROE): LendingTree's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -48.3%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): LendingTree's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -7.3%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a high debt-to-equity ratio of 5.82, LendingTree faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

6 Analysts Have This To Say About LendingTree

Northland Capital Markets analyst Mike Grondahl upgrades LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) from Market Perform to Outperform and announces $60 price target.

Upgrades

Price Target

Northland Capital Markets Upgrades LendingTree to Outperform, Announces $60 Price Target

Insider activity is a little lower than normal for this time of year. We usually see a flurry of buying near the end of the year as insiders bulk up their holdings in anticipation of strong results over the next year. This has not happened this year.
The ratio of insider selling to insider buying is at very high levels, as insider selling has been somewhat elevated. Although we rarely take signals from individual insider sales, the buying and selling activity ratio can usually be informative. At the moment, it is at a level that has often led to technical conditions I like to call &#8220;Market Fall Down, Go Boom.&#8221; That is not surprising given the strong rally this year encouraging insiders to take some profits.
That does not mean stocks will fall tomorrow. It means that caution and common sense should be your guide as you enter 2025.
While far more insiders have been selling than buying the past few weeks, some buying comes from the C-Suite that is worth discussing. The Chairman of Shoe Carnival (Ticker: SCVL), Warren Weaver, and his wife made a huge purchase of stock this past week, adding almost $10 million worth of stock to their already large holdings. The happy couple now owns over 4 million shares, or about 15% of the footwear retailer.
The retailer has been around since 1978 and is known for its entertaining shopping experience that includes interactive games that allow shoppers to win discounts and merchandise as prizes. The chain has grown to more than 370 stores across the United States and offers most major brands of athletic and casual shoes.
The market does not love the company right now as it fell short of revenue expectations, but this appears to be an overreaction. Although the results were impacted by the hurricanes that hit the southeastern United States and the slow back-to-school season, it was still able to meet Wall Street&#8217;s profit expectations. The stock is trading at low valuations of sales and profits despite strong growth expectations over the next several years.
In addition to the buying from the Chairman, the board decided to take advantage of the weakness in the stock as well. The company recently announced a $50 million stock buyback plan.
The CEO and the Chief Technical Officer at LendingTree (Ticker: TREE) have both made six-figure open-market stock purchases this month. LendingTree is a game-changer in the world of personal finance. Founded in 1996, this online platform revolutionized the way borrowers connect with lenders. Instead of going door-to-door or settling for whatever terms your local bank offers, LendingTree puts the power back in the hands of consumers. It&#8217;s a marketplace where you can shop for everything from personal loans and mortgages to credit cards and student loans without leaving your couch.
Here&#8217;s the beauty of their model: it&#8217;s all about choice and competition. LendingTree partners with a network of banks, credit unions, and alternative lenders to make them fight for your business. That means better rates, better terms, and much less hassle. And the best part? It&#8217;s free for consumers. The company makes money by charging lenders for access to this steady stream of motivated borrowers.
LendingTree doesn&#8217;t just stop at matchmaking. They offer calculators, tools, and financial education resources to ensure you&#8217;re making smart decisions with your money. Based in Charlotte, North Carolina, they&#8217;ve grown into one of the most trusted names in fintech by keeping their focus on simplicity, transparency, and, most importantly, the needs of the consumer.
The stock has pulled back well off the 52-week highs, but the people in the company appear quite confident the shares will resume their winning ways in 2025.
Both the CEO and CFO have taken advantage of the recent weakness in shares of Avadel Pharmaceuticals (Ticker: AVDL). Avadel Pharmaceuticals is a specialty pharmaceutical company focused on developing and commercializing innovative products that address unmet medical needs. The company operates primarily in central nervous system (CNS) disorders and rare diseases. Avadel is best known for its flagship product, LUMRYZ, a once-nightly sodium oxybate formulation designed to treat excessive daytime sleepiness (EDS) and cataplexy in adults with narcolepsy.
Headquartered in Dublin, Ireland, Avadel leverages its proprietary drug delivery technologies to enhance existing therapies. These technologies aim to improve the pharmacokinetics, efficacy, and patient experience of medications, particularly in therapeutic areas where frequent dosing regimens or poor patient adherence are barriers to optimal care.
A wave of bad news including the resignation of the Chief Commercial Officer has sent the shares tumbling toward the 52-week low. The two top executives and at least one director are confident that the shares will recover from the decline and move higher.
There are some solid reasons to think they are correct. Avadel Pharmaceuticals is starting to hit its stride, and the numbers from the third quarter of 2024 tell the story. This company is laser-focused on LUMRYZ, and it&#8217;s paying off. With $50 million in net product revenue for the quarter, a massive leap from just $7 million in the same period last year, Avadel has captured the market&#8217;s attention.
There&#8217;s also been a major legal win. Jazz Pharmaceuticals tried to throw a wrench into the works, suing the FDA over its approval of LUMRYZ, but the U.S. District Court sided with Avadel. The approval stands, and the FDA&#8217;s determination that LUMRYZ is clinically superior to Jazz&#8217;s twice-nightly products remains intact. Add in Orphan Drug Exclusivity until 2031, and you&#8217;ve got a strong moat around this revenue stream.
Financially, the story keeps improving. Gross profit surged to $43.9 million from $6.9 million last year. Avadel ended the quarter with $65.8 million in cash, and while it opted not to draw on additional financing, its balance sheet still looks solid.
The growth trajectory is clear, and with Orphan Drug Exclusivity providing long-term protection, Avadel is building a business with real staying power. The CEO and CFO appear to think so and are backing their conviction with cash.

Insider Trades

LendingTree CEO And Chairman Douglas Lebda Purchases 13,000 Shares At An Average Price Of $39.72

LendingTree shares are trading lower after Culper Research issued a shortseller report on the stock.

<a href="https://img1.wsimg.com/blobby/go/cc91fda7-4669-4d1b-81ce-a0b8d77f25ab/downloads/f0c5c035-9645-45de-9d97-1d0fab1c779d/Culper_TREE_12-5-2024.pdf?ver=1733419998258" title="https://img1.wsimg.com/blobby/go/cc91fda7-4669-4d1b-81ce-a0b8d77f25ab/downloads/f0c5c035-9645-45de-9d97-1d0fab1c779d/Culper_TREE_12-5-2024.pdf?ver=1733419998258">https://img1.wsimg.com/blobby/go/cc91fda7-4669-4d1b-81ce-a0b8d77f25ab/downloads/f0c5c035-9645-45de-9d97-1d0fab1c779d/Culper_TREE_12-5-2024.pdf?ver=1733419998258</a>

Short Sellers

Watching LendingTree; Culper Research Issues Report On Co Titled "LendingTree, Inc. (TREE): Timber!"

Over half of Americans — 56% — say they plan to host guests for Thanksgiving this year. With costs rising 19% from last year, consumers are<a href="https://www.benzinga.com/news/econ-s/24/11/41944635/inflation-on-track-but-fed-may-go-slowly-on-interest-rate-cuts-experts-say"> feeling the pinch. </a>
What To Know: The cost of hosting Thanksgiving dinner in 2024 is up 19% from last year with an average of $431 spent on food, drink and decor for the event, according to <a href="https://www.lendingtree.com/credit-cards/study/thanksgiving-cost-report/">a survey</a> from LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>). 
"Whenever you start spending more, there's always going to be more risk. That's especially true when you're spending almost 20% more than last year," said Matt Schulz, LendingTree chief credit analyst.&nbsp;
"Most people's budgets are tight, leaving little financial wiggle room from month to month, so a 20% increase can be a big deal," Schulz added.&nbsp;
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Survey respondents said they expect to spend an average of $265 on food and drinks and $166 on decor for an average of 11 guests at their table for the holiday this year. Most hosts — 60% — expect their guests to pitch in with either money or an item to offset expenses with 25% saying they may reconsider sending an invitation next year to a guest that arrives empty-handed. 
More than a third — 36% — of potential hosts say the amount they will spend on Thanksgiving will be a financial strain with 34% of potential hosts planning to use credit cards for Thanksgiving costs. Strikingly, 14% of hosts already regret their decision to do so. 
Sales and Promos: According to the survey, 30% of potential hosts will shop around, while 22% will use coupons and 33% will do both to help to offset costs. Retailers are trying to ease the financial strain by offering special Thanksgiving promotions and sales events.&nbsp;
Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is promoting its Inflation-Free Thanksgiving Meal for 2024, which the company says allows customers to prepare the holiday meal for under $7 per person. The total cost for the meal to serve eight people is just over $53 and includes turkey, stuffing, gravy, cranberry sauce and dessert. 
Albertsons Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is offering a Thanksgiving promotion for a free 16- to 20-pound turkey when customers spend $150 or more on groceries in a single transaction. Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) has brought back its Thanksgiving meal deal, priced at $20, for four people. In addition to the meal, Target is offering frozen turkeys at 79 cents per pound, a 20% reduction from last year. 
"It's such old and cliched advice, but it's true," Schulz says. "Taking the time to comparison shop can save you significant money at the holidays or any other time of year."
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Personal Finance

General

Thanksgiving Dinner Gobbles Up 19% More Cash This Year, Many Holiday Hosts 'Already Regret Their Decision'

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 $71 to $73.

Keefe, Bruyette & Woods Maintains Outperform on LendingTree, Raises Price Target to $73

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 $50 to $58.

Susquehanna Maintains Neutral on LendingTree, Raises Price Target to $58

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 $60 to $70.

Truist Securities Maintains Buy on LendingTree, Raises Price Target to $70

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 $65 to $70.

Oppenheimer Maintains Outperform on LendingTree, Raises Price Target to $70

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 $67 to $78.

Needham Maintains Buy on LendingTree, Raises Price Target to $78

LendingTree shares are trading higher after the company reported better-than-expected Q3 financial results, raised its FY24 revenue guidance, and issued Q4 revenue guidance above estimates.

LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) sees Q4 sales of $231.000 million-241.000 million vs $230.91 million estimate.

Guidance

LendingTree Sees Q4 Sales $231.000M-241.000M vs $230.91M Est

LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) raises FY2024 sales outlook from $830.00 million-870.00 million to $870.00 million-880.00 million.

LendingTree Raises FY2024 Sales Guidance from $830.00M-870.00M to $870.00M-880.00M

LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) reported quarterly earnings of $0.80 per share which beat the analyst consensus estimate of $0.66 by 21.21 percent. The company reported quarterly sales of $260.800 million which beat the analyst consensus estimate of $244.507 million by 6.66 percent. This is a 68.04 percent increase over sales of $155.200 million the same period last year.

Earnings

Earnings Beats

LendingTree Q3 2024 Adj. EPS $0.80 Beats $0.66 Estimate, Sales $260.800M Beat $244.507M Estimate

Press Releases

Real Estate

LENDINGTREE REPORTS SECOND QUARTER 2024 RESULTS

LendingTree, Inc. to Report Third Quarter 2024 Earnings on October 31, 2024

LENDINGTREE REPORTS THIRD QUARTER 2024 RESULTS

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Global Mortgage Lender Market Expected to Grow to $1.8 Trillion In 2028

LendingTree, Inc. to Present at the Stephens Annual Investment Conference

Coverdash Partners With LendingTree to Launch Its First-Ever Insurance Offering for Startups and SMBs

ICR Appoints J.D. Moriarty as CEO of ICR Capital

Fintech

Kastle Named Winner of LendingTree's 2024 Innovation Challenge with Groundbreaking AI Voice Technology

LendingTree, Inc. to Report Fourth Quarter 2024 Earnings on March 5, 2025

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