Goldman Sachs Reiterates Buy Rating on Match Group (MTCH)

Goldman Sachs analyst Alexandra Steiger reiterated a Buy rating and $45.00 price target on Match Group (NASDAQ: MTCH).

The analyst comments "Bottom line: We highlight a few key takeaways from our conversation. 1) Confidence in the long-term growth opportunity, with improving user trends at Tinder partially driven by ecosystem improvements and marketing; 2) Hinge's international expansion (with a focus on Europe) is on track with mgmt. highlighting the significant long-term growth potential of the app; 3) Mgmt. remains focused on consolidating operations and eliminating areas of redundancies in the E&E segment; & 4) AI products/features provide an improved user experience (i.e. less pressure) with mgmt. discussing a number of features including photo selector."

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 $36.26 yesterday.

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