Keybanc Maintains Overweight on Match Group, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Justin Patterson has maintained an Overweight rating on Match Group (NASDAQ:MTCH) but has reduced the price target from $56 to $48.
December 28, 2023 | 9:34 am
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Match Group's stock may experience a short-term negative impact due to the lowered price target from $56 to $48 by Keybanc, despite maintaining an Overweight rating.
A lowered price target can often lead to a negative perception among investors, potentially causing a short-term decline in the stock price. However, the Overweight rating suggests that the analyst still sees long-term value in the stock, which may mitigate the negative impact.
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IMPORTANCE 75
RELEVANCE 100