These Analysts Boost Their Forecasts On Match Group Following Upbeat Sales
Portfolio Pulse from Avi Kapoor
Match Group, Inc. (NASDAQ:MTCH) reported better-than-expected Q2 revenue and issued strong Q3 guidance. Despite this, shares fell 4.7%. Analysts have raised their price targets, with some maintaining Hold ratings and others giving Buy ratings.
August 01, 2024 | 5:46 pm
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Match Group reported Q2 earnings in line with expectations and better-than-expected revenue. Despite strong Q3 guidance, shares fell 4.7%. Analysts raised their price targets, with mixed ratings.
Match Group's better-than-expected revenue and strong guidance are positive indicators. The drop in share price may be a short-term reaction, but the raised price targets and mixed analyst ratings suggest potential for recovery and growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100