Truist analyst Youssef Squali raised the firm’s price target on Match Group to $38 from $35 but keeps a Hold rating on the shares after its Q4 earnings beat with below-consensus Q1 revenue guidance. The firm notes that it is awaiting better visibility into a resumption of payers’ growth at Tinder and of sustainable revenue growth for Match overal, the analyst tells investors in a research note. The company’s Q4 results were driven by higher pricing at Tinder but offset by payers decline and sustained momentum at Hinge, the firm added.
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- Match Group Reports Fourth Quarter 2023 Results
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- Match Group sees Q1 revenue $850M-$860M, consensus $871.96M
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