Evercore ISI Upgrades Match Group (MTCH) to Outperform

Evercore ISI analyst Mark Mahaney upgraded Match Group (NASDAQ: MTCH) from In Line to Outperform with a price target of $53.00 (from $39.00).

The analyst commented: "We are upgrading MTCH to Outperform from In Line and raising our price target to $53 from $39. Based on Sensor Tower data and our proprietary survey work, we believe Tinder’s user recovery is likely accelerating and tracking ahead of management’s plan for MAU and payer growth by the end of FY27. While the stock is not deeply dislocated—MTCH stock is up 35% YTD and is now trading near the midpt of its 3-yr forward EV/EBITDA range, though well below levels seen during or pre-pandemic—we believe current fundamental trends are the best we have seen since 2021-22 and that the stock is now positioned for positive estimate revisions with further upward rerating potential."

For an analyst ratings summary and ratings history on Match Group click here. For more ratings news on Match Group click here.

Shares of Match Group closed at $42.95 yesterday.

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