Piper Sandler analyst Matt Farrell states that while Match Group’s Q4 revenue was in line with consensus, investors appear to have been looking for more after the strong 30% move in the stock to start the year. The company’s turnaround appears to be a bit bumpier than hoped, but its multi-quarter business transformation remains largely on-track, particularly given the macro backdrop, the analyst tells investors in a research note. Piper Sandler maintains its Overweight rating and $60 price target on on Match Group shares. The stock is down about 10% afterhours following Q4 results and guidance.
Published first on TheFly
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