Jefferies analyst James Heaney raised the firm’s price target on Match Group (MTCH) to $65 from $60 and keeps a Buy rating on the shares and raised the firm’s price target on Bumble (BMBL) to $22 from $18 while keeping a Hold rating on those shares. Match is "well positioned" for a Q4 revenue beat and the firm expects Q1 revenue guidance to come in ahead of the Street’s 2% year-over-year growth forecast given easing comps. The firm, which also expects Bumble to beat Q4 revenue expectations, but worries about the achievability of its FY23 guidance, continues to favor Match.
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Published first on TheFly
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