Keybanc Maintains Overweight Rating for Match Group: Here's What You Need To Know

Match Group, Inc. -3.34%

Match Group, Inc.

MTCH

32.68

-3.34%

Keybanc has decided to maintain its Overweight rating of Match Group (NASDAQ:MTCH) and lower its price target from $56.00 to $48.00.

Shares of Match Group are trading up 0.03% over the last 24 hours, at $35.82 per share.

A move to $48.00 would account for a 34.0% increase from the current share price.

About Match Group

Match Group is a provider of online dating products. The firm became public in 2015 and was more than 80% owned by IAC/InterActiveCorp until IAC spun it off in 2020. The company has a vast portfolio of different online dating service providers, including Tinder, Hinge, BLK, Chispa, Match.com, OkCupid, PlentyOfFish, and Meetic. Match Group has more than 45 brands of online dating sites and/or apps, from which it generates user fee revenue (95%) and advertising revenue (5%).

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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