LendingTree jumps on strong quarterly revenue, FY profit forecast raise

** Online lending marketplace LendingTree's TREE.O shares jump 33.8% to $38.62 in afternoon trading

** Co reported on Tuesday Q3 revenue of $343.6 mln, up 12% YoY

** TREE updates FY 26 adjusted EBITDA forecast to $151 mln - $153 mln from $145 mln - $152 mln, lifting the midpoint by about 2.4%

** Truist says updated FY26 guidance reflects stronger profitability

** Brokerage adds that Insurance was once again the primary growth engine within the company's overall revenue profile during the quarter

** "The company is on track to grow revenue and adj. EBITDA this year by 17% and 14%, respectively, at the midpoint of our updated forecast," — CFO Jason Bengel

** Six of six analysts rate stock "strong buy" or "buy"; their median PT is $51 — data compiled by LSEG

** Including session's move, stock down 27% YTD