On Nov 09, major Wall Street analysts update their ratings for $Match group (MTCH.US)$, with price targets ranging from $37 to $53.
Goldman Sachs analyst Alexandra Steiger maintains with a buy rating, and adjusts the target price from $45 to $40.
J.P. Morgan analyst Cory Carpenter maintains with a buy rating, and sets the target price at $40.
Barclays analyst Ross Sandler maintains with a buy rating, and adjusts the target price from $55 to $53.
UBS analyst Kunal Madhukar maintains with a hold rating, and adjusts the target price from $43 to $38.
Evercore analyst Jian Li maintains with a buy rating, and adjusts the target price from $43 to $37.
Furthermore, according to the comprehensive report, the opinions of $Match group (MTCH.US)$'s main analysts recently are as follows:
The firm has adjusted its expectations for Match Group's annual operating income in FY25 and FY26, now predicting a 1% and 3% decrease respectively. This revision is due to projections of softer revenue performance than initially forecasted for Tinder and Hinge in the fourth quarter.
Following Match Group's third-quarter report, there's a suggestion that the upcoming Investor Day may reveal significant information, especially considering the recent share repurchases at prices higher than today's. While the company's revenue and EBITDA closely matched consensus figures, expectations have been set lower for the fourth quarter.
Match Group's third-quarter report reflected ongoing challenges as the company explores avenues to enhance Tinder's subscriber base through adjustments in product offerings and pricing structures. Nonetheless, it faced unforeseen higher churn rates following the recent separation of features that were formerly included in the subscription package. Concerns also persist regarding the online dating sector's potential plateau or lack of growth.
Match Group's third-quarter revenue experienced modest growth, falling slightly short of the consensus estimates, bolstered by the performance of Hinge and RPP growth.
Here are the latest investment ratings and price targets for $Match group (MTCH.US)$ from 8 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
