LendingTree price target raised to $78 from $67 at Needham

Needham raised the firm’s price target on LendingTree (TREE) to $78 from $67 and keeps a Buy rating on the shares. The company’s Q3 results came in above Street expectations on the top and bottom line, as robust demand within the insurance segment is driving significant improvement in growth and profitability, the analyst tells investors in a research note. The stock’s risk-reward is favorable for small-cap investors looking for exposure to a diversified financial services marketplace, the firm added.