BUZZ-LendingTree jumps after Northland upgrades to 'outperform'

Shares of online lending marketplace LendingTree TREE.O jump 8% to $43.89

Northland Capital upgrades TREE to "outperform" from "market perform"

Brokerage says 2025 is likely to be about continued strong momentum in TREE's insurance business, but it also expects to see growth in the consumer segment

Northland expects personal loans to lead the way in fueling consumer segment growth followed by small and medium-sized business (SMB), auto lending and credit card

TREE had reported 68% revenue growth in Q3 results last year, largely driven by strong performance in its insurance segment

Seven of eight brokerages rate the stock "buy" or higher and one "hold;" median PT $70 — LSEG

TREE stock jumped 27.8% in 2024

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))