Keybanc Maintains Overweight Rating for Match Group: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keybanc has maintained its Overweight rating on Match Group (NASDAQ:MTCH) but reduced its price target from $56.00 to $48.00. Match Group's shares are currently trading at $35.82, and the new price target suggests a potential upside of 34.0%. Match Group, known for its portfolio of online dating services including Tinder and OkCupid, generates most of its revenue from user fees.
December 28, 2023 | 5:00 pm
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Keybanc maintains Overweight rating on Match Group with a reduced price target from $56 to $48, indicating a potential 34% upside from the current price.
The maintenance of an Overweight rating by Keybanc suggests a positive outlook on Match Group's stock, while the reduction in price target may reflect adjustments in market conditions or company valuation. The potential 34% upside indicates that Keybanc still sees significant growth potential despite the lower target. This could lead to increased investor confidence and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100