Analyst John Blackledge of TD Cowen maintained a Buy rating on Match Group, retaining the price target of $40.00.
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John Blackledge has given his Buy rating due to a combination of factors including the attractive valuation of Match Group’s stock and the positive growth outlook for Hinge. The company is expected to see a 2% year-over-year revenue growth in the third quarter of 2025, driven by a 28% increase in Hinge’s revenue and favorable foreign exchange conditions.
Additionally, Match Group’s management has shown promising progress in improving Tinder’s product and user experience, which is anticipated to enhance its performance. The introduction of new features such as the ‘Modes’ interface and other initiatives like Interactive Matching and Face Check are expected to contribute positively. The stock is considered undervalued with an 8x EV/EBITDA and an 11% free cash flow yield, supporting the Buy rating.