Match Group price target raised to $38 from $34 at BofA

BofA raised the firm’s price target on Match Group (MTCH) to $38 from $34 and keeps a Neutral rating on the shares. For FY25, the firm increased its revenue estimate by about 1% to $3.5B, but reduce its EBITDA estimate nearly 1% to $1.24B. Following the Q2 report, the firm also increased its 2026 EBITDA estimate by 2% to $1.36B, the analyst noted.