Match Group: I See Upside Potential, But I Need To See More Evidence [Seeking Alpha]
Match Group, Inc. (MTCH)
Last match group, inc. earnings: 2/4 04:11 pm
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US:NASDAQ Investor Relations:
ir.mtch.com/investor-relations
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Source: Seeking Alpha
8min Summary I recommend a hold rating for Match Group due to uncertainty in Tinder's payer growth, despite potential upside from new product rollouts. Tinder's payer growth decline may have bottomed, and positive shifts in user perception could drive growth, but solid proof is still needed. Hinge shows robust growth, contributing significantly to MTCH revenue, and new features may further support its momentum. Uwe Krejci/DigitalVision via Getty Images Investment action I recommended a neutral rating for Match Group ( NASDAQ: MTCH ) when I wrote about it in February earlier this year, as I was concerned about Tinder's poor user performance. Based on my current outlook and analysis, I recommend a hold rating. While I have noted multiple positive aspects and potential upside potential below, I am still not ready to shift to a buy rating until I see MTCH reports more Tinder payer growth improvement. Importantly, the payer growth must be driven by the new product rollout. T
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MTCH
News
- Rosen Law Firm Encourages Match Group, Inc. Investors to Inquire About Securities Class Action Investigation – MTCHBusiness Wire
- Wall Street feels swipe fatigue as Match Group shares tumble, signaling an opening for new dating startups [Business Insider]Business Insider
- Match Group, Inc. (NASDAQ: MTCH) had its price target lowered by analysts at Royal Bank of Canada from $47.00 to $35.00. They now have an "outperform" rating on the stock.MarketBeat
- Match Group, Inc. (NASDAQ: MTCH) had its price target lowered by analysts at Barclays PLC from $55.00 to $53.00. They now have an "overweight" rating on the stock.MarketBeat
- Match Group, Inc. (NASDAQ: MTCH) had its price target lowered by analysts at UBS Group AG from $43.00 to $38.00. They now have a "neutral" rating on the stock.MarketBeat
MTCH
Earnings
- 11/6/24 - Beat
MTCH
Sec Filings
- 11/6/24 - Form 8-K
- 10/16/24 - Form SC
- 10/7/24 - Form 8-K
- MTCH's page on the SEC website