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Investing.com - Wolfe Research has raised its price target on Match Group (NASDAQ:MTCH) to $42.00 from $39.00 while maintaining an Outperform rating on the stock. The company’s shares, currently trading at $37.17, are approaching their 52-week high of $38.77. According to InvestingPro analysis, Match Group appears undervalued based on its Fair Value metrics.
The research firm cited "green shoots" in the dating app company’s performance, specifically pointing to improving monthly active user (MAU) trends, accelerating product changes, and an improved marketing strategy.
Wolfe Research noted that while it had previously indicated it would remain patient for a "top-of-the-funnel turnaround" following Match Group’s Q1 results, the firm isn’t seeing that complete turnaround yet.
The analysts believe Match Group’s valuation "remains attractive" in their assessment of the company’s current market position.
Wolfe Research also indicated it sees potential for further EBITDA upside for Match Group beyond current market expectations.
In other recent news, Match Group reported its second-quarter earnings for 2025, showing revenue of $864 million, which was flat year-over-year but exceeded the high end of guidance by $4 million. The earnings per share met expectations, although there was a slight decline in operating income. Analysts have responded to these developments with various updates. Morgan Stanley (NYSE:MS) raised its price target for Match Group to $35, citing momentum across the company’s portfolio and favorable foreign exchange conditions. JPMorgan also increased its price target to $33, noting early signs of a turnaround for the Tinder app. Evercore ISI adjusted its price target to $38, describing the earnings results as a "modest beat and raise." Additionally, Goldman Sachs elevated its price target to $42, emphasizing the company’s focus on improving the Tinder app and the strong performance of Hinge in international markets. These updates reflect a generally positive outlook from analysts despite the mixed earnings report.
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