Evercore ISI lowered the firm’s price target on Match Group (MTCH) to $35 from $37 and keeps an Outperform rating on the shares. Following the company’s inaugural investor day earlier this week, the firm views the “muted” Tinder outlook as “overshadowing generally constructive segment outlooks” at Hinge, MG Asia, and E&E, as well as “compelling AI initiatives across the portfolio” and an “array of shareholder-friendly initiatives,” the analyst tells investors. The firm cites estimate revisions for its lowered target, but views the value as “compelling” as Match targets $5 of free cash flow per share in 2027.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTCH:
- Match Group price target lowered to $34 from $35 at Truist
- Match Group price target raised to $36 from $35 at BofA
- Match Group price target lowered to $30 from $35 at Loop Capital
- Match Group price target lowered to $32 from $33 at Wells Fargo
- Match Group price target lowered to $31 from $33 at Morgan Stanley