Jefferies Downgrades Match Group (MTCH) to Hold
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December 16, 2024 7:15 AM EST
(Updated - December 16, 2024 8:43 AM EST)
New Street Research analyst Dan Salmon downgraded Match Group (NASDAQ: MTCH) from Buy to Neutral.
The analyst comments "Downgrade to Neutral from Buy: We move to the sidelines owing to the lack of visibility into how... More
December 16, 2024 5:21 AM EST
Deutsche Bank analyst Bejamin Black reiterated a Buy rating and $38.00 price target on Match Group (NASDAQ: MTCH)
The analyst comments "MTCH's inaugural investor day was largely in line with expectations, as management outlined a 3-year outlook containing a robust AI-driven product innovation pipeline and a better-than-expected margin outlook. However, the hair of the event was the company's outlook for slower-than-anticipated growth at Tinder, and the elimination of Tinder Payer guidance going forward, which pressured shares, ending the day down 5% vs the S&P at +1%. That said, with fairly benign guidance for... More
