Deutsche Bank Maintains Buy on Match Group, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Benjamin Black maintains a Buy rating on Match Group (MTCH) but lowers the price target from $42 to $38.
May 09, 2024 | 3:52 pm
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Deutsche Bank maintains a Buy rating on Match Group but reduces the price target from $42 to $38.
The adjustment in price target by Deutsche Bank reflects a nuanced view on Match Group's valuation, suggesting a positive outlook albeit with a slightly reduced growth or profit expectation in the short term. This could lead to mixed reactions in the market, balancing between continued investor confidence in Match Group's fundamentals and the adjusted growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100