Match Group price target lowered to $30 from $35 at Loop Capital

Loop Capital lowered the firm’s price target on Match Group to $30 from $35 and keeps a Hold rating on the shares. Despite the slight upside in Q1 revenue, the company’s Q2 outlook was below expectations, with Tinder payer metric also surprising to the downside, the analyst tells investors in a research note. A reacceleration of payer growth would be the most significant catalyst for the stock, the firm added.