Evercore cuts rating on Tinder parent Match Group stock

Investing.com -- Evercore ISI downgraded Match Group Inc (NASDAQ: MTCH) to "In Line" from "Outperform," citing a weak first-quarter outlook and uncertainty surrounding its leadership transition, while maintaining its $35 price target.

The online dating company forecast Q1 revenue of $820 million-$830 million, below Wall Street’s $850 million estimate, while its adjusted operating income outlook of $260 million-$265 million also missed expectations.

Evercore noted that while new Tinder user trends were solid, declining payers and forex pressures could weigh on revenue growth.

Despite the appointment of Spencer Rascoff as CEO, Evercore expressed lower confidence in Match Group’s recovery trajectory for 2025, stating that investors may be skeptical about its second-half weighted outlook.

“We do not anticipate that Mr. Rascoff will effect any significant strategy shifts or personnel moves in the near term,” Evercore analyst said.

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