Susquehanna analyst Shyam Patil raised the firm’s price target on Match Group (MTCH) to $45 from $40 and keeps a Positive rating on the shares. The firm said the company’s business continues to face headwinds, but is starting to see early signs of improvement as it executes on its turnaround strategy, exemplified by moderating headwinds at Tinder. The company is continuing to take steps in the right direction under CEO Spencer Rascoff through its unified AI effort and accelerated product roadmap.
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Read More on MTCH:
- Match Group’s Earnings Call: Hinge Shines, Tinder Struggles
- Match Group Announces $700M Senior Notes Offering
- Match Group price target raised to $33 from $28 at JPMorgan
- Mixed Financial Signals and Strategic Initiatives Lead to Hold Rating for Match Group
- Cautious Optimism for Match Group Amid Tinder’s Turnaround and Industry Challenges