Match Group price target raised to $39 from $32 at Citi

Citi analyst Ygal Arounian raised the firm’s price target on Match Group to $39 from $32 and keeps a Neutral rating on the shares. The company reported Q4 results ahead of expectations, with the fiscal 2024 outlook essentially in-line, but Q4 Tinder net adds and Q1 guidance came in below expectations, the analyst tells investors in a research note. The firm says that puts “more onus on an inflection” in the second half of the year to reach the fiscal year targets.