Analysts at Cowen & Co. have reaffirmed a buy rating for Match Group, Inc. stock (NASDAQ: MTCH).
The 14 analysts overwhelmingly rated the stock as a buy, with just two suggesting a hold rating and none suggesting a sell.
The highest target set for MTCH was $35, while the lowest was $15. The average of $27.92 iis -11.90% below the current $31.69 stock price.
Over the course of the last trading season, around 1.36 million MTCH shares traded. Match Group has risen 42.5% since the 1st of December 2016, and is uptrending.
The stock saw a 4th of December volume spike, with 3 million trades occurring compared to a daily average of 1.9 million.
Seeking Alpha recently looked to assess the dominance of the group in the dating niche. It found that ‘aggressive acquisitions’ made by the group were important for their success, and that paid subscriptions were a crucial revenue stream.
Much of the success of the group in 2017 has been attributed to the introduction of Tinder Gold.
The premium subscription tier allows users to see who has ‘swiped right’ on their profile, allowing them to match instantly with other singles.
Match Group will release their next report on earnings on the 30th of January 2018.
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