How Lendingtree Hits $150

Beating Wall Street Financial recently issued a report on LendingTree Inc.

after the company recently reported strong fourth quarter earnings and 2016 guidance, after a year which saw rapid expansion in their non-mortgage business. Currently, analysts at BWS rate LendingTree as a Buy with a $150 price target. Hamed Khorsand, an analyst at Beating Wall Street Financial, wrote, "The overhang for TREE has been questions about the sustainability of growth after the Company experienced rapid expansion in its non-mortgage business. The fourth quarter results showed all products were growing in a period where there is usually some seasonality." Analysts at Beating Wall Street Financial gave two key signs that point to future growth for LendingTree: 1. Diversified revenue stream: BWS noted that because LendingTree generates revenue from both their mortgage lending and non-mortgage lending business, they are properly diversified with the potential to drive top line growth with 2 different customer bases. 2. Strong earnings guidance for 2016 Lendingtree's management gave positive signals regarding expected 2016 performance which made analysts at BWS believe that the stock could trade at or above $150 per share in 2016. LendingTree last traded at $85.50.