Truist lowered the firm’s price target on Match Group (MTCH) to $35 from $37 and keeps a Hold rating on the shares. The company’s Q3 results were in-line and its Q4 guidance was “mixed”, showing that its transformation remains a work-in-progress, the analyst tells investors in a research note. Truist adds it remains on the sidelines until Tinder can show more tangible progress on delivering sustainable long-term growth.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTCH:
- Match Group price target lowered to $35 from $38 at Evercore ISI
- Match Group price target lowered to $33 from $35 at Wells Fargo
- Hold Rating for Match Group Amid Mixed Financial Signals and Strategic Adjustments
- Mixed Signals Lead to Hold Rating for Match Group Amid Strong Tinder Performance and Future Challenges
- Hold Recommendation for Match Group Amid Mixed Revenue Prospects and Regulatory Challenges