TD Cowen lowered the firm’s price target on Match Group (MTCH) to $37 from $40 and keeps a Buy rating on the shares following “solid” Q4 results. The firm noted the negative impact from Tinder user tests was better than expected. TD Cowen added that it lowered long-term estimates for Match Group.
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Read More on MTCH:
- Match Group price target lowered to $34 from $35 at Truist
- Match Group price target lowered to $34 from $36 at UBS
- Match Group: Early Signs of Product-Led Turnaround, but Balanced Risk-Reward Keeps Rating at Hold
- Balanced But Uncompelling: Maintaining a Hold on Tinder Amid Gradual Turnaround and Ongoing MAU and Margin Uncertainties
- Match Group price target lowered to $35 from $37 at Morgan Stanley