Evercore ISI lowered the firm’s price target on Match Group (MTCH) to $35 from $37 and keeps an Outperform rating on the shares. Following the company’s inaugural investor day earlier this week, the firm views the “muted” Tinder outlook as “overshadowing generally constructive segment outlooks” at Hinge, MG Asia, and E&E, as well as “compelling AI initiatives across the portfolio” and an “array of shareholder-friendly initiatives,” the analyst tells investors. The firm cites estimate revisions for its lowered target, but views the value as “compelling” as Match targets $5 of free cash flow per share in 2027.
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Read More on MTCH:
- Match Group price target lowered to $34 from $35 at Truist
- Match Group price target raised to $36 from $35 at BofA
- Match Group price target lowered to $30 from $35 at Loop Capital
- Match Group price target lowered to $32 from $33 at Wells Fargo
- Match Group price target lowered to $31 from $33 at Morgan Stanley
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
