JP Morgan Maintains Overweight on Match Group, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Cory Carpenter maintains an Overweight rating on Match Group (MTCH) but lowers the price target from $60 to $55.
February 01, 2024 | 3:30 pm
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JP Morgan maintains an Overweight rating on Match Group but lowers the price target from $60 to $55.
While the reduction in price target from $60 to $55 by JP Morgan could suggest a tempered outlook for Match Group's stock, the maintenance of an Overweight rating indicates a continued positive view on the company's fundamentals. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the analyst's overall positive stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100