"TD Cowen's Match Group stock price target raised to $46 reflects optimism that Tinder's product overhaul is showing up in user behavior. The firm flagged 'several positive user signals' from the quarter as evidence the multi-year turnaround now has supporting data."
"UBS framed its view as 'constructive but still cautious.' Stephen Ju cited Match Group's slower MAU declines, improving retention, and modest payer trend improvement, while flagging ongoing investment spending and mixed regional pressure."
"Hinge remains the bright spot, with Q1 direct revenue of $194 million (+28%) and payers up 15% to 2.0 million. CEO Spencer Rascoff reiterated Hinge's 'Path to $1 billion business by 2027.'"
Match Group's stock received positive attention from analysts on May 6, with TD Cowen raising its price target to $46 and maintaining a Buy rating due to positive user signals at Tinder. UBS increased its target to $38 while keeping a Neutral rating, citing better-than-expected Q1 results but expressing caution about ongoing investments and mixed regional performance. Tinder remains the largest revenue contributor, while Hinge shows strong growth. The differing analyst views highlight the uncertainty surrounding Tinder's potential turnaround and its implications for Match Group's future growth.
Read at 24/7 Wall St.
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