JPMorgan analyst Cory Carpenter raised the firm’s price target on Match Group to $60 from $55 and keeps an Overweight rating on the shares. The analyst also named Match a ‘Top Pick.” The “pendulum has swung too far and investors are too pessimistic on both the online dating market opportunity and and durability of the Tinder turnaround,” the analyst tells investors in a research note. The firm says concerns about a glut of apps in the online dating industry are overdone.
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