In a report released today, Brian Fitzgerald from Wells Fargo maintained a Hold rating on Match Group (MTCH), with a price target of $95.00. The company’s shares closed last Tuesday at $107.25, close to its 52-week high of $110.86.
According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 32.6% and a 79.1% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as LiveRamp Holdings, ANGI Homeservices, and Uber Technologies.
Currently, the analyst consensus on Match Group is a Moderate Buy with an average price target of $97.33.
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Match Group’s market cap is currently $28.59B and has a P/E ratio of 201.50. The company has a Price to Book ratio of -20.63.
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Match Group is a provider of online dating products. The firm became public in 2015 and was more than 80% owned by IAC/InterActiveCorp until IAC spun it off in second-quarter 2020. The company has a vast portfolio of different online dating service providers, including Tinder, Match.com, OkCupid, PlentyOfFish, and Meetic. Match Group has more than 45 brands of online dating sites and/or apps, from which it generates user fee revenue (95%) and advertising revenue (5%).
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