Streetbeat News

MTCH

Match Group, Inc.

https://www.mtch.com

Industry

Internet Content & Information

Match Group, Inc. provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

Open

31.40

Mkt cap

7.7B

Volume

3.6M

High

31.43

P/E Ratio

13.77

52-wk high

42.42

Low

30.66

Div yield

N/A

52-wk low

27.66

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.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 5:46 pm

Goldman Sachs analyst Alexandra Steiger maintains a Buy rating on Match Group (NASDAQ:MTCH) and raises the price target from $39 to $45.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:38 pm

Deutsche Bank analyst Benjamin Black maintains a Buy rating on Match Group (NASDAQ:MTCH) and raises the price target from $38 to $45.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:06 pm

RBC Capital analyst Brad Erickson maintains an Outperform rating on Match Group (NASDAQ:MTCH) and raises the price target from $33 to $47.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:47 pm

Stifel analyst Mark Kelley maintains a Hold rating on Match Group (NASDAQ:MTCH) and raises the price target from $34 to $39.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:14 pm

Truist Securities analyst Youssef Squali maintains a Hold rating on Match Group (NASDAQ:MTCH) and raises the price target from $33 to $37.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:25 pm

Deutsche Bank analyst Benjamin Black maintains a Buy rating on Match Group (NASDAQ:MTCH) with a $38 price target.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 5:42 pm

Tech stocks experienced their best session in five months ahead of the Federal Open Market Committee (FOMC) meeting, driven by strong earnings and easing concerns over chip export restrictions to China. The Nasdaq 100 surged 2.7%, led by Nvidia Corp. (NVDA), which jumped 11%. The iShares Semiconductor ETF (SOXX) soared over 5%. The S&P 500 rose 1.6%, and small caps tracked by the iShares Russell 2000 ETF (IWM) increased by 1.1%. The dollar eased 0.2%, while the Japanese yen, tracked by the Invesco CurrencyShares Japanese Yen Trust (FXE), rallied 1.4%. Commodities like gold and oil also saw significant gains.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 5:23 pm

U.S. stocks saw significant gains on Wednesday, with the Dow Jones index rising over 200 points. Match Group, Inc. (NASDAQ:MTCH) led the surge with a 15% increase following better-than-expected Q2 revenue and strong Q3 guidance. Other notable gainers included Powell Industries, Inc. (NASDAQ:POWL), Stardust Power Inc. (NASDAQ:SDST), Modine Manufacturing Company (NYSE:MOD), and several others, all reporting better-than-expected financial results.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 5:05 pm

Wall Street is optimistic about a tech-led rebound driven by AMD's strong Q2 results. Major indices are up, with expectations of a Fed rate cut in September. Key stocks like AMD, MSFT, and ETFs like SPY and QQQ are showing significant premarket movements.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 11:56 am

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