New Street analyst Dan Salmon initiated coverage of Match Group with a Buy rating and $54 price target. The analyst names Match his "Top SMID Pick." The company can reinvigorate Tinder’s growth organically, while also pushing into new revenue streams, Salmon tells investors in research note. He believes Hinge’s global expansion and Asia-Pacific re-opening should also support a sales recovery in 2023.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on MTCH:
- Report of Apple exploring alternative app stores positive for Match, says Piper
- Match Group up 8% after Bloomberg report on Apple App store plans
- Early notable gainers among liquid option names on December 13th
- RIVN, WBD Make it Into NASDAQ-100 in Rejig; BIDU, MTCH Exit
- Match Group initiated with a Neutral at UBS
