In a report released yesterday, Brad Erickson from RBC Capital maintained a Buy rating on Match Group (MTCH – Research Report), with a price target of $43.00. The company’s shares closed yesterday at $38.38.
Erickson covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Carvana Co, and Expedia. According to TipRanks, Erickson has an average return of 20.2% and a 55.53% success rate on recommended stocks.
In addition to RBC Capital, Match Group also received a Buy from Barclays’s Ross Sandler in a report issued today. However, yesterday, Citi maintained a Hold rating on Match Group (NASDAQ: MTCH).
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MTCH market cap is currently $10.43B and has a P/E ratio of 16.89.
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Match Group (MTCH) Company Description:
Texas-based Match Group is an online dating service company and provides dating products worldwide. The company has a vast portfolio of online dating services including Tinder, Match.com, OkCupid, PlentyOfFish, Meetic, among other brands.
Read More on MTCH:
- Match Group Reports Fourth Quarter 2023 Results
- Match Group: Board authorizes new $1B share repurchase program
- Match Group to roll out many AI-driven features in apps over course of 2024
- Match Group sees Q1 revenue $850M-$860M, consensus $871.96M
- Match Group sees FY24 revenue $3.57B-$3.67B, consensus $3.62B
