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.
Published first on TheFly
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