UBS Maintains Neutral on Match Group, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kunal Madhukar has maintained a Neutral rating on Match Group (NASDAQ:MTCH) and increased the price target from $35 to $38.
January 26, 2024 | 5:03 pm
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UBS has maintained a Neutral rating on Match Group and raised the price target from $35 to $38, indicating a potential upside from the previous target.
The increase in price target by UBS suggests a positive outlook on Match Group's valuation, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at the current levels, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100