Match Group price target raised to $40 from $38 at TD Cowen

TD Cowen raised the firm’s price target on Match Group (MTCH) to $40 from $38 and keeps a Buy rating on the shares. The firm noted they 2Q25 reported revenue was 1% above Cowen’s and consensus estimates, but flat year-over-year amid continued Tinder payer declines. Cowen said Match’s 3Q revenue guide was above estimates.