After speaking with LendingTree's senior management at this week's Lendit Fintech Conference, Oppenheimer analyst Jed Kelly told investors in a research note that he is "incrementally bullish" on digital mortgages and on LendingTree leveraging its lender coverage and paid marketing competencies to drive meaningful share gains. Kelly said that, according to management, the Digital Mortgages beta test is "progressing well" with seven lenders, and early indications are lender closing rates are significantly higher than the current average. Kelly maintained an Outperform rating and $400 price target on LendingTree shares.