Goldman Sachs Maintains Buy on Match Group, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexandra Steiger maintains a Buy rating on Match Group (MTCH) but lowers the price target from $47 to $37.

May 09, 2024 | 12:48 pm
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Goldman Sachs maintains a Buy rating on Match Group but reduces the price target from $47 to $37.
While the maintenance of a Buy rating by Goldman Sachs indicates continued confidence in Match Group's fundamentals and potential for growth, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or company-specific factors. This mixed signal might lead to short-term market uncertainty for MTCH, with potential pressure on the stock price as investors recalibrate their expectations based on the new price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100