Match Group price target raised to $50 from $45 at Loop Capital

Loop Capital analyst Laura Champine raised the firm’s price target on Match Group to $50 from $45 but keeps a Hold rating on the shares as part of a broader research note, citing the firm’s holiday checks across a wide range of consumer categories. Online dating remains a growth category in the U.S. and consumer appetite for subscriptions and small-ticket purchases is still "stable", the analyst tells investors in a research note. The firm maintains a neutral stance on Match Group shares given the significant risks that the economy will likely slip into recession this year, though it also sees the stock’s 22% year-to-date gain as justified by its upside potential.