Wells Fargo analyst Ken Gawrelski lowered the firm’s price target on Match Group (MTCH) to $32 from $33 and keeps an Equal Weight rating on the shares. Investor Day rebases lower consensus growth expectations for 2025, the firm says. Wells’ concern is the management forecast for accelerating growth in 2026 and 2027. The firm believes the stock would have benefited from more modest forward expectations and capacity to invest for growth.
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Read More on MTCH:
- Match Group price target lowered to $31 from $33 at Morgan Stanley
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