Match Group Shares Maintain Buy Rating

the match group

Recent research reports have, on average, rated Match Group, Inc. stock favourably.

Ten analysts have given the shares a buy rating, seven a hold rating and one a sell rating. The consensus price target stands at $30.89.

BMO Capital Markets and Cowen and Company were among the organisations to reaffirm outperform ratings, whereas Jefferies Group LLC and Wells Fargo & Company reiterated buy ratings.

The valuations come after Match Group released their Q3 report on the 7th of November 2017. The report saw revenue exceeding analysts’ expectations, but earnings per share missing the Thomson Reuters’ consensus estimate by $0.02.

Growth at the group has been driven, among other factors, by an increase in paid monthly Tinder memberships.

A Wells Fargo analyst wrote of Match Group: “We view MTCH as a best­in­class operator and manager of a strategically attractive portfolio of dating assets constructed to serve a broad array of use cases and consumer lifestages.

“We view the online dating sector as fundamentally sound and well­suited to capitalize on mobile connected device and demographic trends.”

Shares opened at $28.82 on Wednesday (NASDAQ:MTCH). The Group has a 52 week low of $15.42 and high of $32.87.