Match Group price target raised to $43 from $38 at Goldman Sachs

Goldman Sachs analyst Eric Sheridan raised the firm’s price target on Match Group (MTCH) to $43 from $38 and keeps a Buy rating on the shares. Match Group delivered solid Q1 results with revenue and EBITDA ahead of expectations, supported by improving Tinder user trends, continued Hinge momentum, organizational simplification and cost savings, and strategic investment activity, though investor attention remains focused on Tinder’s potential growth inflection, margin and investment balance, and ongoing capital return discipline, the analyst tells investors in a research note.