LendingTree (NASDAQ:TREE) Stock, Quote.Headers.trade-ideas

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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TREE

30-year fixed mortgage rate drops to lowest point in 2 years as anticipation of Fed rate decrease grows - refinance applications up 24%.

Mortgage Rates Drop To 2-Year Low, Refinancing Hits &#39;Fastest Pace&#39; Since 2022: Rocket, LendingTree Among Movers

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Analyst Color

Government

Federal Reserve

Markets

NWFAX

Cutting interest rates may help when it comes to savings, and CDs; And mortgage rates may drop, but not by much.

If Fed Cuts Interest Rates, Credit Card APRs &#39;Are Still Going To Be High&#39; For Now, Economist Says

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SRET

Mortgage applications increased by 1.4% while rates decreased to the lowest point in 18 months, according to the MBA.

Mortgage Rates Fall To Lowest Level Since February 2023

LendingTree Inc

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TREE ISLAND STEEL LTD NEW by Tree Island Steel Ltd.

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Trees Corp

The average interest rate for a 30-year fixed mortgage dropped to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35920779/us-mortgage-applications-surge-as-rates-dip-is-the-industry-moving-out-of-the-woods">its lowest point</a> in two years as markets anticipate the Federal Reserve lowering its key interest for the first time in four years, perhaps by as much as 50 basis points.
The rate for the most popular home loan fell 14 basis points in the week ended Sept. 13 to 6.15%, marking the lowest rate since September 2022, the Mortgage Bankers Association said on Wednesday.
The rate also fell 14 basis points during the previous week.
&#8220;The 30-year fixed mortgage rate, at 6.15 percent, is now at its lowest since September 2022 and is more than a full percentage point lower than a year ago,&#8221; said Joel Kan, MBA's deputy chief economist.
Read Also: <a href="https://www.benzinga.com/top-stories/24/07/39621351/mortgage-applications-fall-as-rates-climb-back-above-7">Mortgage Applications Fall As Rates Climb Back Above 7%</a>
"Refinance applications were up 24 percent – more than double last year's pace, with both conventional and government activity jumping to the fastest pace of refinancing since 2022."
The refinancing share of mortgage activity increased to 51.2% of total applications from 46.7% the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 5.9% of total applications.
Price Action: Mortgage lenders saw gains and losses during Wednesday&#8217;s trading session.
<ul>
<li>Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) was down 1.35% to $20.39.</li>
<li>Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) dropped 0.13% to $39.50.</li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) was up 0.27% to $58.53</li>
</ul>
Exchange-traded funds that hold these stocks also rose and fell on Wednesday.
<ul>
<li>The Meet Kevin Pricing Power ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PP#NYSE">PP</a>) was down 0.31%.</li>
<li>Adaptiv Select ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADPV#NYSE">ADPV</a>) rose 0.11%.</li>
<li>Davis Select Financial ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/DFNL#BATS">DFNL</a>) was up 0.22%.</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40485557/30-year-mortgage-rates-hit-15-month-low-but-applications-pull-back-after-recent-spikes-real-esta">30-Year Mortgage Rates Hit 15-Month Low, But Applications Pull Back After Recent Spikes: Real Estate Stocks React Wednesday (CORRECTED)</a></li>
</ul>
Photo: Shutterstock

Mortgage Rates Drop To 2-Year Low, Refinancing Hits 'Fastest Pace' Since 2022: Rocket, LendingTree Among Movers

Consumers&#8217; wallets should get some relief if the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40882613/builders-first-source-other-homebuilder-stocks-rise-with-catalysts-such-as-mortgage"> Federal Reserve lowers rates</a> this week, but it won&#8217;t be a huge help, according to Benjamin Ayers, senior economist with Nationwide Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWFAX#NASDAQ">NWFAX</a>).
&#8220;It should put some downward pressure on auto rates, mortgage rates, loan rates, but on the other side of the coin, it should put upward pressure on CD rates and saving rates that you get out there,&#8221; Ayers told Benzinga.
Lowering the Fed interest rate by only 25 or 50 basis points will not mean much for consumers in the short term, he adds.
&#8220;It&#8217;s nice but if you can&#8217;t afford a mortgage at the current level, that&#8217;s not going to change if it goes down by 25 basis points. It&#8217;s more kind of the start of a process,&#8221; he said.
&#8220;Six months, a year, 18 months from now, you&#8217;re going to see much lower rates, and that&#8217;ll really help to juice things, but in the near term, it&#8217;s going to have a pretty negligible impact for most people,&#8221; Ayers says.
A rate cut of 25 or 50 basis points doesn&#8217;t mean rates that affect consumers&#8217; wallets will drop expectedly, said Matt Schulz, LendingTree, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) chief credit analyst.
Read Also: <a href="https://www.benzinga.com/news/24/09/40763384/federal-reserves-potential-rate-cut-pause-jpmorgans-stock-market-warning-and-more-this-week-in-econo">Federal Reserve&#8217;s Potential Rate Cut Pause, JPMorgan&#8217;s Stock Market Warning, And More: This Week In Economics</a>
&#8220;While lower rates are certainly a good thing for those struggling with debt, the truth is that this one rate cut isn't really going to make much of a difference for most people,&#8221; he said.
&#8220;It doesn't change the fact that the best thing people can do to lower interest rates is to take matters into their own hands.&#8221;
He said the average rate on a new credit card offer should stay at a record high of 24.92% for some time if the Fed lowers rates.
&#8220;While they'll almost certainly fall from record highs in coming months, no one should expect dramatically reduced credit card bills anytime soon,&#8221; he said.
&#8220;Barring the Fed unexpectedly stomping on the gas pedal when it comes to lowering rates, credit card APRs are still going to be high for the foreseeable future.&#8221;
A $5,000 credit card balance would take 27 months and $1,528 in interest to pay off at 24.92% if monthly payments of $250 were made. If the interest rate went down by 0.25% because of a 0.25% Fed rate cut, the interest paid over 27 months would fall by $22, resulting in savings of less than a dollar a month, Schulz noted.
Schulz said auto loan rates will get lower, too, if the Fed reduces rates, but consumers should still shop around for financing from other places besides dealerships because their rates are typically much higher.
Saving rates have already started falling and may keep doing so, but consumers don&#8217;t need to panic, he said.
&#8220;Yields aren't going to fall off a cliff immediately after the Fed cuts rates,&#8221; he said.
Price Action: Mortgage lenders and credit card companies trended upward into Monday&#8217;s late-afternoon trading.
<ul>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) rose 1.31% to $39.15</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) gained 3.87% to $20.38</li>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) went up 1.98% to $133.93</li>
<li>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) went up 1.82% to $141.50</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40879982/with-fed-rate-cuts-imminent-heres-which-crypto-sector-could-benefit-the-most-according-to-">With Fed Rate Cuts Imminent, Here&#8217;s Which Crypto Sector Could Benefit The Most, According To Bernstein</a></li>
</ul>
Image: Shutterstock

If Fed Cuts Interest Rates, Credit Card APRs 'Are Still Going To Be High' For Now, Economist Says

Mortgage rates declined to <a href="https://www.benzinga.com/real-estate/24/08/40666981/the-time-has-come-to-adjust-cheaper-mortgage-rates-could-be-just-weeks-away-but-it-all-hinges-on-thi">their lowest point </a>in more than 18 months last week, encouraging homebuyers to refinance the amount they have left on their home loans.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29 percent from 6.43 percent, marking the sixth straight week in declining rates, according to the Mortgage Bankers Association (MBA).
The average interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $766,550) decreased to 6.56% from 6.73%.
Read Also: <a href="https://www.benzinga.com/top-stories/24/07/39621351/mortgage-applications-fall-as-rates-climb-back-above-7">Mortgage Applications Fall As Rates Climb Back Above 7%</a>
The average rate for 15-year fixed-rate mortgages decreased to 5.71% from 5.98%.
The refinance share of mortgage activity increased to 46.7 percent of total applications from 46.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 5.4 percent of total applications.
&#8220;Mortgage rates declined for the sixth consecutive week, with the 30-year fixed rate decreasing to 6.29 percent, the lowest rate since February 2023,&#8221; said Joel Kan, MBA's vice president and deputy chief economist. 
"With rates almost a full percentage point lower than a year ago, refinance applications continue to run much higher than last year's pace.&#8221;
Mortgage applications increased 1.4 percent from one week earlier, according to the MBA&#8217;s Weekly Applications Survey for the week ending Sept. 6, 2024.
"Purchase applications increased over the week and are edging closer to last year's levels,&#8221; Kan said.
&#8220;Despite the drop in rates, affordability challenges and other factors such as limited inventory might still be hindering purchase decisions."
Price Action: Lenders trended downward into Wednesday&#8217;s late-morning trading.
<ul>
<li>Invesco Mortgage Capital&nbsp;Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVR#NYSE">IVR</a>) slipped 1.14% to $8.67</li>
<li>Rocket Companies&nbsp;Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) declined 1.78% to $18.52</li>
<li>Lendingtree&nbsp;(TREE) fell 1.74% to $50.74</li>
</ul>
Exchange-traded funds that hold these stocks saw gains and losses on Wednesday.
<ul>
<li>Kingsbarn Dividend Opportunity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVDN#NYSE">DVDN</a>) went up 0.14%</li>
<li>Global X SuperDividend REIT ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRET#NASDAQ">SRET</a>) declined 1.31%</li>
<li>VanEck Mortgage REIT Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MORT#NYSE">MORT</a>) fell 1.45%</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40485557/30-year-mortgage-rates-hit-15-month-low-but-applications-pull-back-after-recent-spikes-real-esta">30-Year Mortgage Rates Hit 15-Month Low, But Applications Pull Back After Recent Spikes: Real Estate Stocks React Wednesday</a></li>
</ul>
Image: Shutterstock

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Shares of companies within the broader financial sector are trading higher amid overall market strength following Fed Chair Powell's comments about the economy and future rate cuts.

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 $55 to $65.

Price Target

Analyst Ratings

Oppenheimer Maintains Outperform on LendingTree, Raises Price Target to $65

Stephens &amp; Co. analyst John Campbell 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 $55 to $65.

Stephens & Co. Maintains Overweight on LendingTree, Raises Price Target to $65

In the preceding three months, 10 analysts have released ratings for LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>), presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing 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;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</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;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</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;">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>2M Ago</td>
<td style="text-align: right;">1</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>
</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;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $57.4, with a high estimate of $67.00 and a low estimate of $50.00. Marking an increase of 19.33%, the current average surpasses the previous average price target of $48.10. 
<img src="https://www.benzinga.com/files/images/story/2024/1722024055_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive LendingTree. The following summary 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>Mike Grondahl</td>
<td>Northland Capital Markets</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$60.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$50.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Mayank Tandon</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$67.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$55.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Mayank Tandon</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$56.00</td>
<td>$56.00</td>
</tr>
<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>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to LendingTree. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of LendingTree compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of LendingTree's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of LendingTree's market position. Stay informed and make well-judged 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>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>Key Indicators: LendingTree's Financial Health</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: LendingTree's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -16.33%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: LendingTree's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 0.61%, the company may face hurdles in effective cost management.
Return on Equity (ROE): LendingTree's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.79%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): LendingTree's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.12%, the company may face hurdles in achieving optimal financial performance.
Debt Management: LendingTree's debt-to-equity ratio is notably higher than the industry average. With a ratio of 5.52, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 10 Analyst Ratings Have To Say About LendingTree

Northland Capital Markets analyst Mike Grondahl maintains LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) with a Market Perform and raises the price target from $50 to $60.

Northland Capital Markets Maintains Market Perform on LendingTree, Raises Price Target to $60

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>RBC Capital increased RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) price target from $102 to $115. RBC Capital analyst Ken Herbert maintained a Sector Perform rating. RTX shares gained 1% to trade at $114.58 on Friday. <a href="https://www.benzinga.com/quote/RTX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs cut the price target for Coursera, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) from $10.5 to $9. Goldman Sachs analyst Eric Sheridan maintained a Sell rating. Coursera shares gained 50% to trade at $11.12 on Friday. <a href="https://www.benzinga.com/quote/COUR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo boosted the price target for Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) from $580 to $600. Wells Fargo analyst Michael Turrin maintained an Overweight rating. Tyler Technologies shares gained 3.1% to trade at $581.88 on Friday. <a href="https://www.benzinga.com/quote/TYL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler cut the price target for Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) from $68 to $64. Piper Sandler analyst Charles Neivert maintained an Overweight rating. Dow shares fell 0.1% to trade at $52.80 on Friday. <a href="https://www.benzinga.com/quote/DOW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Macquarie boosted IMAX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) price target from $24 to $26. Macquarie analyst Chad Beynon maintained an Outperform rating. IMAX shares rose 1.8% to trade at $19.74 on Friday. <a href="https://www.benzinga.com/quote/IMAX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities raised the price target for Tractor Supply Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) from $289 to $293. Truist Securities analyst Scot Ciccarelli maintained a Buy rating. Tractor Supply shares rose 2.7% to trade at $264.49 on Friday. <a href="https://www.benzinga.com/quote/TSCO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Susquehanna cut Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) price target from $75 to $66. Susquehanna analyst Mehdi Hosseini maintained a Positive rating. Rambus shares gained 1.9% to trade at $57.87 on Friday. <a href="https://www.benzinga.com/quote/RMBS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays boosted AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) price target from $187 to $200. Barclays analyst Carter Gould maintained an Overweight rating. AbbVie shares rose 2.1% to trade at $185.90 on Friday. <a href="https://www.benzinga.com/quote/ABBV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham raised LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) price target from $56 to $67. Needham analyst Mayank Tandon maintained a Buy rating. LendingTree shares fell 2.3% to trade at $53.47 on Friday. <a href="https://www.benzinga.com/quote/TREE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank boosted Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) price target from $540 to $600. Deutsche Bank analyst Scott Deuschle upgraded the stock from Hold to Buy. Lockheed Martin shares rose 0.8% to trade at $525.61 on Friday. <a href="https://www.benzinga.com/quote/LMT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Lockheed Martin To Rally Over 14%? Here Are 10 Top Analyst Forecasts For Friday

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 $55 to $60.

Truist Securities Maintains Buy on LendingTree, Raises Price Target to $60

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 $42 to $50.

Susquehanna Maintains Neutral on LendingTree, Raises Price Target to $50

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 $56 to $67.

Needham Maintains Buy on LendingTree, Raises Price Target to $67

LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.46 by 17.39 percent. The company reported quarterly sales of $210.100 million which beat the analyst consensus estimate of $187.361 million by 12.14 percent. This is a 15.12 percent increase over sales of $182.500 million the same period last year.

Earnings

Earnings Beats

LendingTree Q2 2024 Adj EPS $0.54 Beats $0.46 Estimate, Sales $210.100M Beat $187.361M Estimate

LendingTree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) shares are trading lower after the bell on Thursday following a report that hackers are now selling stolen consumer data from <a href="https://www.benzinga.com/quote/TREE">the company&#8217;s subsidiary QuoteWizard</a>.
What Happened: According to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-06-20/hackers-auction-off-stolen-lendingtree-consumers-information?utm_campaign=socialflow-organic&amp;utm_medium=social&amp;utm_content=tech&amp;cmpid%3D=socialflow-twitter-tech&amp;utm_source=twitter">report</a> citing a person familiar with the matter, several listings are popping up on cybercriminal forums offering access to data from LendingTree subsidiary QuoteWizard.
The news comes after the company reportedly detected unauthorized access on a cloud database hosted by Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) this week.
"We take these matters seriously, and immediately after hearing from them we launched an internal investigation," said Megan Greuling, spokesperson for LendingTree.
The report indicates the hack did not impact LendingTree operations. The company is still looking into the size and scope of the cybercrime and has not determined exactly how the private information was obtained.
"This is an ongoing investigation, and as soon as that investigation is complete we will notify all the impacted customers," said Arun Sankaran, chief information security officer at LendingTree.
LendingTree has reportedly said that the hackers didn&#8217;t obtain any information from the parent company or any financial account information from QuoteWizard users. The data that was acquired is reportedly being auctioned off to the highest bidder. 
<a href="https://www.benzinga.com/quote/SNOW">Snowflake shares</a> also traded lower on the report, but the stock had recovered most of its losses by publication time.
Don&#8217;t Miss: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39415117/nvidia-analyst-says-the-ai-party-isnt-over-any-volatility-likely-to-be-short-lived">Nvidia Analyst Says The AI Party Isn&#8217;t Over: &#8216;Any Volatility Likely To Be Short-Lived&#8217;</a>
TREE Price Action: Lending Tree shares were off the lows, but still down about 2.33% in after-hours at $39.84 at the time of publication, per<a href="http://pro.benzinga.com"> Benzinga Pro</a>.
Photo: Shutterstock.

After-Hours Center

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SNOW

LendingTree Stock Is Losing Ground After Hours: Here's Why

LendingTree shares are trading lower following a report its unit was hacked with stolen data offered on the dark web.

LendingTree Unit Hacked With Stolen Data Offered On Dark Web; Previously Probing Potential Breach; Alerted By Snowflake

Stephens &amp; Co. analyst John Campbell reiterates LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) with a Overweight and maintains $55 price target.

Reiteration

Stephens & Co. Reiterates Overweight on LendingTree, Maintains $55 Price Target

LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<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;">3</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>Last 30D</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>1M 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>2M Ago</td>
<td style="text-align: right;">2</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>3M 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>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $56.4, a high estimate of $60.00, and a low estimate of $55.00. Marking an increase of 26.46%, the current average surpasses the previous average price target of $44.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1718884849_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</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>Mayank Tandon</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$56.00</td>
<td>$56.00</td>
</tr>
<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>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to LendingTree. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of LendingTree compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</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>Discovering LendingTree: A Closer Look</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>Financial Insights: LendingTree</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Negative Revenue Trend: Examining LendingTree's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -16.33% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: LendingTree's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 0.61%, the company may face hurdles in effective cost management.
Return on Equity (ROE): LendingTree's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.79%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): LendingTree's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.12%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: LendingTree's debt-to-equity ratio stands notably higher than the industry average, reaching 5.52. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 5 Analyst Ratings Have To Say About LendingTree

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

Needham Reiterates Buy on LendingTree, Maintains $56 Price Target

The company reiterated its&nbsp;published&nbsp;second quarter&nbsp;variable marketing margin and adjusted EBITDA&nbsp;outlook&nbsp;of&nbsp;$70&nbsp;-&nbsp;$76 million&nbsp;and&nbsp;$22&nbsp;&ndash;&nbsp;$26 million, respectively.

Guidance

LendingTree Anticipates Q2 Revenue To Be Above Previously Forecasted Range Of $175M - $190M, Est $184.5M

In a report released today, Jed Kelly from Oppenheimer maintained a Buy rating on Lendingtree (TREE – Research Report), with a price target of $65....

Lendingtree (TREE) Receives a Buy from Oppenheimer

The lending landscape has entered a digital revolution, reshaping the traditional borrowing experience. This surge of technological innovations has...

LendingTree's (TREE) Stock Spikes and Defies Expectations

In a report released yesterday, Ryan Tomasello from KBW assigned a Buy rating to Lendingtree (TREE – Research Report), with a price target of $71.0...

KBW Issues a Buy Rating on Lendingtree (TREE)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
If all the major news agencies have their fingers on the pulse of monetary policy, it&rsquo;s coming &ndash; interest rate cuts, that is. According to The Wall Street Journal, Federal Reserve officials will meet soon to <a href="https://www.wsj.com/economy/central-banking/fed-near-interest-rate-cut-d303dbd5">discuss a potential September reduction</a> in the benchmark interest rate. The central bank apparently has enough encouraging data in the inflation and labor market fronts to make the decision. And that bodes well for certain stocks to buy.



Essentially, investors may assume that the equities space will favor a risk-on profile. Previously, the Fed&rsquo;s main concern was to navigate the devastation of the Covid-19 crisis. The economy managed to escape the worst of the pandemic. However, the various accommodative monetary and fiscal policies led to blistering inflation. In response, the Fed hiked borrowing costs, which subsequently led to a challenging business environment.



Now, policymakers see a reasonable outlook for a so-called soft landing. That should bode well for entities that could benefit from reduced financing overhangs. With that, below are stocks to buy amid potential interest rate cuts.



<h2>Newmont (NEM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/09/costco-gold-bars1600-300x169.png" alt="Gold bars and Financial concept, studio shots. Costco's gold bars, cost stock"><div>Source: Misunseo / Shutterstock.com</div></div>If the Fed goes ahead with interest rate cuts, investors will want to keep precious metals miner Newmont (NYSE:<a href="https://investorplace.com/stock-quotes/nem-stock-quote/">NEM</a>) on their list of stocks to buy. If you&rsquo;ve been paying attention, the spot price in gold has been steadily marching higher. I don&rsquo;t think that&rsquo;s a coincidence. Reduced borrowing costs imply devaluation of the dollar. I don&rsquo;t mean that in an apocalyptic sense. Rather, greenbacks today will buy more than greenbacks tomorrow.



Anyways, a controlled inflationary dynamic is what economists want so NEM should be a key target for upside. What makes Newmont particularly attractive is that it may be done going through its disappointing volatile phase. Back in the third quarter of last year, the company suffered a sizable miss on earnings. Subsequently, in the next three quarters, the <a href="https://finance.yahoo.com/quote/nem/analysis">average earnings surprise</a> stood at nearly 26%.



Now, investors will be paying a bit more of a premium for NEM stock, which <a href="https://finance.yahoo.com/quote/nem/key-statistics">trades hands at 3.25X sales</a>. That&rsquo;s higher than the prior year&rsquo;s average multiple of 2.81X. Still, I don&rsquo;t consider this to be a dealbreaker because of the projected growth.



Analysts see sales of $17.99 billion by year&rsquo;s end. That&rsquo;s up 52.3% from the prior year&rsquo;s tally of $11.81 billion. Thus, it&rsquo;s one of the risk-on stocks to buy.



<h2>Caterpillar (CAT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/homebuilder_construction_1600-300x169.png" alt="A photo of a person in a neon green vest holding blueprints and standing behind a white table covered with supplies like pencils, a computer, a ruler and two wooden house shapes. Homebuilder Stocks"><div>Source: ARMMY PICCA/ShutterStock.com</div></div>As one of the giants in the manufacturing and mining equipment industry, Caterpillar (NYSE:<a href="https://investorplace.com/stock-quotes/cat-stock-quote/">CAT</a>) arguably makes for an excellent idea for stocks to buy under interest rate cuts. For one thing, mining projects may accelerate due to the aforementioned devaluation of the dollar. Gold mines in particular may draw big interest, which benefits CAT stock. Also, other industrial growth could see rising demand for Caterpillar products.



That may especially pan out under a second Trump term. If I&rsquo;m being completely honest, any president will talk a good game about rebuilding America and what not. I&rsquo;m not privy to the specifics but whatever happens should bode well for Caterpillar. Financially, the company has been on a win streak, generating an <a href="https://finance.yahoo.com/quote/cat/analysis">earnings surprise of 13.85%</a> in the past four quarters.



Currently, CAT stock trades hands at 2.59X. That&rsquo;s not a terrible premium compared to the prior year&rsquo;s average multiple of 2.29X. Now, the consensus view among analysts calls for sales of $66.09 billion, which is down from last year&rsquo;s $67.06 billion. However, the high-side estimate calls for $68.25 billion.



Under a dovish environment, CAT will likely be a beneficiary. Therefore, it&rsquo;s one of the stocks to buy.



<h2>JPMorgan Chase (JPM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/jpmorgan-jpm-1600-300x169.jpg" alt="Chase Bank logo and storefront"><div>Source: Daryl L / Shutterstock.com</div></div>Admittedly, JPMorgan Chase (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) makes for a tricky narrative among stocks to buy for interest rate cuts. Obviously, it&rsquo;s one of the stalwarts in the big banking ecosystem. Lower borrowing costs translates to lower profitability for its financial products. At the same time, the banking institution may see greater business volume from the rate cuts. It depends on how you view the economy.



For those who believe the environment is a glass half full, JPM stock could be very interesting. Sure, the company&rsquo;s <a href="https://finance.yahoo.com/quote/jpm/analysis">recent earnings history</a> has left some investors jittery. Between Q3 2023 and Q1 2024, the average earnings per share was $3.86, implying an earnings surprise of under 3%. However, in the most recent Q2, the big beat yielded a surprise of 46.1%.



JPM stock got its mojo back. It&rsquo;s pricier now, trading hands at 3.86X sales. In the prior year, the metric averaged 3.26X. However, analysts see significant business expansion ahead. Now, they&rsquo;re calling for fiscal 2024 sales to hit $176.1 billion, up 17.7% from last year.



Lower borrowing costs could make that happen. It&rsquo;s one of the stocks to buy.



<h2>Exxon Mobil (XOM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/exxon-stock-1-300x169.jpg" alt="Exxon Retail Gas Location"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Investors who are still on the sidelines may want to wait until big oil giant Exxon Mobil (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/">XOM</a>) releases its <a href="https://www.zacks.com/stock/news/2311839/pre-q2-earnings-how-should-you-play-exxonmobil-xom">Q2 earnings</a> on Aug. 2. Theoretically, the hydrocarbon stalwart should benefit from increased economic activity that could stem from interest rate cuts. Further, most people drive combustion-based vehicles. Therefore, Exxon&rsquo;s downstream business unit should see boosted demand under an inflationary environment.



Still, there are some uncertainties involved. Since Q1, over the past four quarters, the oil giant&rsquo;s <a href="https://finance.yahoo.com/quote/xom/analysis">average EPS landed at $2.19</a>. This figure missed the collective consensus view of $2.20, yielding a negative earnings surprise of 0.48%. Noticeable misses in all but Q4 sealed Exxon&rsquo;s fate. However, Q2 might provide a different story, making it an intriguing idea for stocks to buy.



Right now, shares trade hands at 1.44X sales. That&rsquo;s a modest premium to the prior year&rsquo;s average print of 1.24X. The problem is that at the moment, the consensus view for 2024 sales calls for $353.57 billion. That&rsquo;s up only 2.6% from last year.



However, the high-side estimate is aiming for $444.62 billion. If you want to speculate, XOM is one of the stocks to buy.



<h2>Enphase Energy (ENPH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/enph1600-300x169.png" alt="Smartphone with logo of American company company Enphase Energy Inc. (ENPH) on screen in front of business website. Focus on left of phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Back during the aftermath of the Covid-19 crisis, solar energy solutions specialist Enphase Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/enph-stock-quote/">ENPH</a>) saw both triumph and turmoil. From 2020 to 2021, ENPH stock skyrocketed, in part due to the interest in the equities space. However, the company gave back plenty of the rewards last year. Unfortunately, high interest rates crimped demand, which suffocated the core business.



However, with interest rate cuts on the horizon, Enphase is legitimately one of the speculative stocks to buy. Right now, it doesn&rsquo;t seem like it because the news cycle hasn&rsquo;t yet impacted the business. In the past year since Q2, the company&rsquo;s average EPS landed at 59 cents. Unfortunately, this figure missed the average consensus view of 61 cents, yielding a negative earnings surprise of 5.38%.



Another tricky element about ENPH stock is the valuation. At 10.65X sales, it&rsquo;s not what you would call cheap. Also, in the prior year, the average metric sat at 7.57X. Again, not cheap.



Following a big sales drop projected in fiscal 2024, analysts anticipate a recovery in 2025. The top line could see $2.03 billion, with the high-side estimate calling for $2.33 billion. Last year, Enphase generated revenue of $2.29 billion. It&rsquo;s risky but a dovish policy could get things moving again.



<h2>LendingTree (TREE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/bank-lending-capital-1600-300x169.jpg" alt="hands at desk near laptop computer, with one hand holding a pile of hundred dollar bills. Bank stocks. stocks to buy"><div>Source: shutterstock.com/CC7</div></div>An online lending marketplace, LendingTree (NASDAQ:<a href="https://investorplace.com/stock-quotes/tree-stock-quote/">TREE</a>) would rank as a natural candidate for stocks to buy. Under an environment of interest rate cuts, consumers will be more eager to consider borrowing money. That spells good news for mortgage providers and financial institutions specializing in personal loans, credit cards and other products. For LendingTree, a competitive fervor could boost the brand.



So far, the company is delivering the goods. In the past year since Q2, LendingTree&rsquo;s <a href="https://finance.yahoo.com/quote/tree/analysis">average EPS</a> clocked in at 53 cents. This easily beat the average consensus view of 31 cents, yielding an earnings surprise of 195.23%. Should the Fed implement a dovish monetary policy, investors may reasonably expect expansion in the business.



Now, it must be said that TREE stock is trading at a higher premium than it did last year at 1.04X sales. In the prior year, the metric averaged only 0.55X. That might seem problematic. However, context matters.



For fiscal 2024, analysts are looking at sales of $853.29 million. That&rsquo;s up 26.9% from last year. Also, 2025 sales could soar to $967.35 million, making it one of the stocks to buy.



<h2>Coinbase (COIN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/coin-eth1600-300x169.png" alt="Coinbase (COIN), is an American company that operates a cryptocurrency exchange platform. Ethereum (ETH-USD) coin on the background of the Coinbase inscription."><div>Source: Sergei Elagin / Shutterstock.com</div></div>The cryptocurrency market is a volatile and some might say a controversial one. For those who prefer to stay in the traditional capital markets, they have Coinbase (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/">COIN</a>). By investing in one of the most popular platforms for virtual currencies, it&rsquo;s one of the indirect ways that market participants can gain &ldquo;legitimate&rdquo; exposure to the blockchain.



To be fair, the crypto market has been all over the map. Some of it comes down to a sector-focused conference that former president Donald Trump attended. Apparently, the rambling words of &ldquo;The Donald&rdquo; didn&rsquo;t persuade many crypto advocates. Nevertheless, Coinbase itself has enjoyed a strong year financially. In the past four quarters, it generated a <a href="https://finance.yahoo.com/quote/coin/analysis">whopping average EPS of $1.25</a>, beating the consensus view of a loss of 4 cents.



Now, the issue with COIN stock is valuation, trading hands at 14.89X sales. In the past year, this metric landed at 10.61X. Still, looking out to the end of this year, analysts project revenue to hit $5.94 billion. If so, that would be up 91.1% from the prior year&rsquo;s tally of $3.11 billion.



It may just come down to borrowing costs. Keep an eye on COIN as one of the possible stocks to buy.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/7-stocks-to-buy-if-the-fed-finally-green-lights-rate-cuts/">7 Stocks to Buy if the Fed Finally Green Lights Rate Cuts</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Analyzing stocks with raised price targets is a sure-shot approach to thrive in any market. Starting the investment path and identifying the appropriate standards for the industry you want to invest in may sometimes become tiresome. But when searching for stocks with raised price targets, you should start with the choices of seasoned behemoths like JPMorgan.



There are reputable companies that do financial research, such as Wells Fargo Securities (NYSE:<a href="https://investorplace.com/stock-quotes/wfc-stock-quote/">WFC</a>) and B. Riley Financial (NASDAQ:<a href="https://investorplace.com/stock-quotes/rily-stock-quote/">RILY</a>). Still, only a few can compare to JPMorgan, <a href="https://nymag.com/intelligencer/article/jp-morgan-chase-jamie-dimon-biggest-big-bank.html">which has $3.9 trillion in assets</a> worldwide and can analyze and collect a lot of market data. Investors who care about the world value and follow the company&rsquo;s direction.



Examining equities with higher price targets is particularly crucial at this present time; JPMorgan believes that economic growth will slow down in 2024 and that <a href="https://www.reuters.com/business/finance/jpmorgan-profit-jumps-higher-investment-banking-fees-accounting-gain-2024-07-12/">real GDP growth will drop</a> to around 0.7%. Though core inflation is forecast to stay over the Fed&rsquo;s 2% target until 2024, inflation trends will probably continue falling. Less than the 3.4% increase seen in 2023, JPMorgan <a href="https://www.jpmorgan.com/insights/outlook/economic-outlook/economic-trends">believes that core PCE values will climb</a> by 2.4% in 2024.



Therefore, it&rsquo;s crucial to be alert and avoid ignoring JPMorgan when evaluating stocks with raised price targets.



<h2>Abercrombie &amp; Fitch (ANF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/anf-stock-1-300x169.jpg" alt="The front of an Abercrombie &amp; Fitch (ANF) location."><div>Source: Paul McKinnon / Shutterstock.com</div></div>Abercrombie &amp; Fitch (NYSE:<a href="https://investorplace.com/stock-quotes/anf-stock-quote/">ANF</a>) is up over 63% this year, thanks to booming sales across its brands and regions. Reflecting this, JPMorgan <a href="https://www.tipranks.com/news/the-fly/abercrombie-fitch-upgraded-to-overweight-from-neutral-at-jpmorgan">changed its rating</a> from &ldquo;neutral&rdquo; to &ldquo;overweight&rdquo; and boosted its price target for ANF from $167 to $194; <a href="https://www.tipranks.com/stocks/anf/forecast#google_vignette">the consensus price target is $175</a>, translating into a potential upside of 24%.



Abercrombie &amp; Fitch recently <a href="https://www.retaildive.com/news/abercrombie-fitch-hollister-record-revenue-billion-dollar-quarter/717340/">achieved its greatest first-quarter net sales</a> ever increase and a gross profit margin of 66.4%, up 540 basis points from the previous year.



Abercrombie &amp; Fitch <a href="https://www.bizjournals.com/buffalo/news/2024/07/23/abercrombie-fitch-to-reenter-the-buffalo-market.html">will reopen in Pittsburgh and Buffalo</a>. This marks the company&rsquo;s return to these locations after its Buffalo store closed in 2021. ANF has over $1 billion yearly internet sales to complement its brick-and-mortar approach.



Abercrombie &amp; Fitch <a href="https://corporate.abercrombie.com/blog/abercrombie-announces-official-partnership-with-mclaren-racing/">is also working with</a> McLaren F1. This relationship includes events, social media, and licensed graphic apparel. Abercrombie honored their partnership by exhibiting McLaren&rsquo;s new Formula 1 car in their Fifth Avenue store and promoting a digital competition to win a racing weekend in Miami.



<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>Spotify&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/spot-stock-quote/">SPOT</a>) first-quarter gross margins were excellent due to Music and Marketplace growth, as well as improved podcasts and commercials, according to JPMorgan. JPMorgan raised the price target for SPOT stock <a href="https://in.marketscreener.com/quote/stock/SPOTIFY-TECHNOLOGY-S-A-42589613/news/JPMorgan-Raises-Spotify-Technology-Price-Target-to-365-From-320-Maintains-Overweight-Rating-46517660/">from $320 to $365</a>, expecting more paying customers and higher pricing in key regions to boost earnings. Experts have rated Spotify a &ldquo;strong buy.&rdquo; With an <a href="https://www.tipranks.com/stocks/spot/forecast#google_vignette">average price target of $392.80</a>, the stock has a possible upside of 24% despite a one-year return of over 128%.



Spotify <a href="https://www.theverge.com/2024/6/11/24175980/spotify-hifi-add-on-cost-extra-lossless-audio-supremium">will unveil a $5 HiFi add-on</a> that lets users listen to FLAC music at 24-bit/44.1kHz without loss to compete with Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) Music and Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) Music, which provide free high-quality music.



Spotify CEO Daniel Ek announced a &ldquo;deluxe&rdquo; level. Spotify&rsquo;s subscription edition will include all the free versions&rsquo; features, higher sound quality, music management, AI-powered tracks, and more. Deluxe will likely cost $17 to $18 per month.



Spotify and WPP (NYSE:<a href="https://investorplace.com/stock-quotes/wpp-stock-quote/">WPP</a>) <a href="https://www.choreograph.com/wpp-spotify-announce-first-of-its-kind-global-partnership/">also formed a groundbreaking worldwide partnership</a>. This partnership will use Spotify&rsquo;s audio analytics and WPP&rsquo;s Choreograph technology to engage WPP clients&rsquo; consumers with distinctive and relevant audio ads.



Additionally, Spotify and Universal Music Group (OTCMKTS:<a href="https://investorplace.com/stock-quotes/unvgy-stock-quote/">UNVGY</a>) are <a href="https://www.universalmusic.com/universal-music-group-and-spotify-expand-strategic-relationship/">expanding their partnership</a>. UMG will utilize Spotify&rsquo;s tools and data to understand audience engagement better and improve fans&rsquo; music experiences under this deal.&#8203;&#8203;



<h2>LendingTree (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>LendingTree (NASDAQ:<a href="https://investorplace.com/stock-quotes/tree-stock-quote/">TREE</a>) is rounding up our list of stocks with raised price targets from JPMorgan; the analyst firm upped its projection of TREE stock <a href="https://investorplace.com/2024/05/jpmorgan-just-raised-its-price-target-on-these-3-stocks/">from $38 to $53</a> and reiterated its overweight rating. Maintaining an &ldquo;outperform&rdquo; rating, Oppenheimer also upped its price objective for LendingTree from $55 to $65, reflecting confidence in the company&rsquo;s future performance and possible advantages from an insurance comeback and reduced interest rates.



Lending Tree&rsquo;s modified EBITDA and income surpassed projections; sales fell in the higher range of forecasts. About 5% higher than previous projections, the business has <a href="https://www.prnewswire.com/news-releases/lendingtree-reports-first-quarter-2024-results-302131146.html">revised its full-year sales prediction</a> to fall between $690 million and $720 million.



LendingTree&rsquo;s <a href="https://finance.yahoo.com/news/lendingtree-tree-gains-29-2-125400991.html#:~:text=LendingTree%2C%20Inc.'s%20TREE,in%20the%20prior%2Dyear%20quarter.">first-quarter profits per share</a>, at 70 cents, exceeded projections by 36 cents. Though down year over year, revenue of $167.8 million exceeded projections by $4.77 million. Again surpassing experts&rsquo; projections, the business forecasts sales for the second quarter between $175 million and $190 million, and TREE managed to better these estimates, reporting revenue of $210.1 million.



Analysts have assigned TREE <a href="https://www.tipranks.com/stocks/tree/forecast">a &ldquo;strong buy&rdquo; consensus</a>: six buys, one hold, and zero sells. Reflecting a 17.86% upward from the latest price of $46.52, the stock has an average price target of $54.83.



On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor held a LONG position in AAPL and AMZN.
<div>Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&amp;P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.</div><h3>More From InvestorPlace</h3>
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LendingTree (TREE) Forecast

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