Match Group price target raised to $38 from $35 at Morgan Stanley

Morgan Stanley analyst Nathan Feather raised the firm’s price target on Match Group (MTCH) to $38 from $35 and keeps an Equal Weight rating on the shares. On the back of improved product velocity, Tinder is seeing results with MAUs accelerating and positive registration and retention growth, notes the analyst, who is “cautiously optimistic” that Tinder will show continued acceleration through 2026 as product-market fit improves.