Match Group price target raised to $37 from $33 at Truist

Truist raised the firm’s price target on Match Group to $37 from $33 and keeps a Hold rating on the shares. The company’s Q2 results show gradual progress at Tinder, though the firm is awaiting better visibility into the pace of growth re-acceleration in 2025, the analyst tells investors in a research note. Reduced FY24 guide also reflects the management’s decision to exit live streaming and stronger FX headwind, Truist added.