Susquehanna analyst Shyam Patil raised the firm’s price target on Match Group to $46 from $39 and keeps a Positive rating on the shares. The firm said 4Q was generally fine, while 1Q and 2024 were lowered a bit, largely due to the impact of lower 4Q net adds flowing through to the out-quarters.
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Read More on MTCH:
- Match Group Reports Fourth Quarter 2023 Results
- Match Group: Board authorizes new $1B share repurchase program
- Match Group to roll out many AI-driven features in apps over course of 2024
- Match Group sees Q1 revenue $850M-$860M, consensus $871.96M
- Match Group sees FY24 revenue $3.57B-$3.67B, consensus $3.62B
