John Blackledge, an analyst from TD Cowen, maintained the Buy rating on Match Group (MTCH – Research Report). The associated price target remains the same with $42.00.
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John Blackledge’s rating is based on a thorough examination of Match Group’s financial performance and future prospects. Despite a slight decline in fourth-quarter revenue, the results were aligned with expectations when factoring out foreign exchange impacts and the exit from livestreaming. Notably, Hinge demonstrated robust growth, which is a positive indicator for the company’s portfolio.
Furthermore, management’s guidance for 2025, when adjusted for foreign exchange headwinds, aligns with previous investor expectations, suggesting stability in revenue projections. The company is also focusing on expanding Hinge globally and improving its Tinder platform, which are strategic moves that could enhance growth. These factors contribute to Blackledge’s confidence in the stock, supporting his Buy rating for Match Group.
Blackledge covers the Communication Services sector, focusing on stocks such as Match Group, Meta Platforms, and Alphabet Class C. According to TipRanks, Blackledge has an average return of 13.0% and a 59.05% success rate on recommended stocks.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $52.00 price target.