Citi lowered the firm’s price target on Match Group to $40 from $54 and keeps a Neutral rating on the shares. Citi’s first monthly online dating data tracker shows that while Bumble and Hinge continue to see outsized growth, Tinder continues to be more challenged, the analyst tells investors in a research note. The firm dropped Match’s target to reflect continued declines in Tinder data, per SensorTower. Tinder saw declines in active users, time spent, and downloads in Q1, writes Citi.
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Published first on TheFly
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