Match Group price target lowered to $35 from $37 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Match Group (MTCH) to $35 from $37 and keeps an Equal Weight rating on the shares. Tinder’s FY26 revenue guidance was better than feared and leading indicators are improving, but Project Aurora did not prove to be the “silver bullet” bulls hoped for and the timing and magnitude of the Tinder turnaround remain unclear, the analyst tells investors in a post-earnings note.