Match Group price target raised to $42 from $37 at RBC Capital

RBC Capital analyst Brad Erickson raised the firm’s price target on Match Group (MTCH) to $42 from $37 and keeps an Outperform rating on the shares after its Q1 results. The print was modest net positive with constructive early Tinder payer indicators partly offset by a still somewhat slow/steady runway to full payer stabilization, the analyst tells investors in a research note.