The stock's latest jump came on Monday, when (TREE) grew 23 percent after reporting earnings that beat estimates, and impressed investors with their 2016 guidance.
The company has done "two big things this year: They have created a great customer acquisition platform for mortgage lenders and expanded their business with the large retail banks. And the emergence of new personal loan lending clubs have helped them gather new customers," said Kerry Rice, an analyst with Needham, who is one of the few to cover the company.
LendingTree may also have been helped by low interest rates, which have likely spurred home purchases and refinancing decisions, particularly amid concerns that rates will soon rise.
"Due to the nature of the mortgage lending industry, interest rate increases may negatively impact future revenue from the company's lender marketplace," the company warned in its earnings report.
Still, Rice remains bullish on the $122 stock, with a "buy" rating and a price target of $140 (substantially above the $56 target the same analyst had back in February).
Meanwhile, the only doubler that resides in the S&P 500 is Netflix. Despite a sharp slide after earnings earlier this month, the online media company has still managed to rise 110 percent in 2015.
Rounding out the list are medical implant company Abiomed, "small molecule therapeutics" company Cambrex, and a telecom construction company with the dystopian-sounding name of "Dycom Industries."
Alex Rosenberg
Alex Rosenberg
Source:http://www.cnbc.com/2015/10/27/the-5-stocks-that-have-doubled-this-year.html
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