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.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on MTCH:
- Epic, Match antitrust case against Google goes to trial in November, TC says
- META, MTCH, or PINS: Which Social Media Stock Earns the Street’s “Strong Buy” Rating?
- Early notable gainers among liquid option names on January 9th
- Match Group price target lowered to $60 from $70 at Piper Sandler
- Match Group initiated with a Buy at New Street