Cowen analyst John Blackledge lowered the firm’s price target on Match Group to $74 from $80 and keeps an Outperform rating on the shares. The analyst said they reported 4Q growth in line with estimates despite worse than expected payer declines. 1Q revenue and Adjusted Op Inc guide were below our and consensus estimates but management reiterated 2023 guide as they expect growth to be back half weighted.
Published first on TheFly
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- Match Group price target lowered to $54 from $55 at Citi
- Oppenheimer downgrades ‘show me story’ Match Group to Perform
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- Match Group Feels the Burn After Q4 Miss
