Truist Financial Cuts LendingTree (NASDAQ:TREE) Price Target to $70.00

Truist Financial has lowered its price target for LendingTree (NASDAQ:TREE) from $78.00 to $70.00, while maintaining a "buy" rating, indicating a potential upside of 129.10%. This adjustment comes after LendingTree reported Q2 earnings and revenue that missed expectations, despite a 36.5% year-over-year revenue increase. The company's shares traded down to $30.55, near their 12-month low, as institutional investors continue to adjust their holdings.