Match Group (MTCH – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Ygal Arounian from Citi maintained a Hold rating on the stock and has a $30.00 price target.
Ygal Arounian’s rating is based on a combination of factors that reflect both positive and cautious elements in Match Group’s financial outlook. While the company’s reported numbers suggest a strong performance in the second quarter and maintained full-year guidance, these results were significantly influenced by favorable foreign exchange rate movements. The guidance for the fiscal year 2025 appears to be on the lower end of the expected range when excluding these FX benefits.
Despite the company’s strategic initiatives, such as accelerating product investments and a flatter organizational structure, these efforts are expected to take time to yield tangible improvements, particularly in reversing the decline in Tinder payers. Additionally, macroeconomic pressures and declining monthly active users at Tinder pose challenges to achieving meaningful revenue acceleration by 2026. Consequently, Arounian has adjusted the target price slightly downward, reflecting a more cautious outlook on growth prospects.
Arounian covers the Technology sector, focusing on stocks such as Trade Desk, Bumble, and Verisign. According to TipRanks, Arounian has an average return of 7.9% and a 47.62% success rate on recommended stocks.
In another report released today, Morgan Stanley also maintained a Hold rating on the stock with a $32.00 price target.