Susquehanna Maintains Positive on Match Group, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Shyam Patil maintains a Positive rating on Match Group (MTCH) but lowers the price target from $46 to $45.

May 13, 2024 | 11:45 am
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Susquehanna's analyst Shyam Patil maintains a Positive rating on Match Group but has lowered the price target from $46 to $45, indicating a slight adjustment in valuation but overall confidence in the company's performance.
The adjustment in price target by Susquehanna reflects a minor recalibration of Match Group's valuation, possibly due to market conditions or internal metrics not detailed in the news. However, maintaining a Positive rating suggests that the analyst sees ongoing strength in the company's fundamentals. This could lead to a neutral short-term impact on the stock as the market digests the slight decrease in target price against the backdrop of sustained confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100