BofA analyst Nat Schindler lowered the firm’s price target on LendingTree to $43 from $53 and keeps a Buy rating on the shares as the firm is lowering its Q1, 2023 and 2024 estimates to reflect greater macro headwinds following the company’s Q4 report and Q1 guidance. While the firm sees continued uncertainty around mortgage, it said it also sees relative stability in the consumer and insurance segments’ revenue with expanding segment profitability.
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Published first on TheFly
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Read More on TREE:
- LendingTree sees FY23 revenue $935M-$985M, consensus $985.62M
- LendingTree sees Q1 revenue $200M-$210M, consensus $231.56M
- LendingTree reports Q4 adjusted EPS 38c, consensus (34c)
- LENDINGTREE REPORTS FOURTH QUARTER 2022 RESULTS
- LendingTree CEO buys $705.7K in common stock
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