LendingTree price target raised to $55 from $38 at Stephens

Stephens raised the firm’s price target on LendingTree to $55 from $38 and keeps an Overweight rating on the shares. The firm believes that LendingTree’s turnaround was “never going to be an overnight development,” but sees a continuation of progress with the company’s “clean beat-across-the-board 1Q24 results,” the analyst tells investors. LendingTree’s Q1 revenue beat “snaps a troubling 10 straight quarter miss streak,” while the full-year revenue guidance raise was “the first such move in quite some time,” added the analyst, who likes the set up from here.