Match Group price target raised to $39 from $33 at Stifel

Stifel raised the firm’s price target on Match Group to $39 from $33 and keeps a Hold rating on the shares. Match reported Q4 revenue slightly better than expected and AOI that was “well ahead” of expectations, notes the analyst. While Q1 revenue and AOI guidance was below expectations, the firm says “the story continues to be almost exclusively driven by a return to growth in Tinder Payers” and notes that the company expects positive Tinder Payers net adds in Q3 and positive year-over-year growth in Q4.