Loop Capital lowered the firm’s price target on Match Group (MTCH) to $30 from $35 and keeps a Hold rating on the shares. The company’s Investor Day presentation offered a “disappointing” outlook for its Tinder business as the management now expects a mid single-digit decline in Tinder in 2025, the analyst tells investors in a research note. Match Group has now significantly underperformed the market for about three years, though a re-acceleration of Tinder payer growth would be the most significant catalyst for the stock, Loop adds.
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Read More on MTCH:
- Match Group price target lowered to $32 from $33 at Wells Fargo
- Match Group price target lowered to $31 from $33 at Morgan Stanley
- Match Group price target lowered to $36 from $39 at Stifel
- Match Group sees total revenue CAGR 4%-6% 2024-2027
- Match’s Tinder sees 2025 reported revenue down mid-single digits