Match Group (MTCH) Buy Rating Reconfirmed Today By Deutsche Bank; The Price Objective is Set to $56

August 17, 2018 - By Catherine Diaz

Match Group (MTCH) Rating Reaffirmed

Match Group (MTCH) just had their share rating of a ‘Buy’ issued by research analysts at Deutsche Bank, who now has a $56 price target on the $13.06B market cap company or a 18.74 % upside potential. This key information was shown in a research report on Friday morning.

Match Group, Inc. (NASDAQ:MTCH) Ratings Coverage

Among 12 analysts covering Match Group (MTCH), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Match Group has $52 highest and $42.0 lowest target. $44.30’s average target is -6.06% below currents $47.16 stock price. Match Group had 17 analyst reports since February 21, 2018 according to SRatingsIntel. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, May 1. The firm has “Buy” rating given on Friday, March 2 by Piper Jaffray. BMO Capital Markets maintained the stock with “Outperform” rating in Thursday, August 9 report. On Thursday, May 10 the stock rating was upgraded by UBS to “Buy”. JP Morgan downgraded the stock to “Neutral” rating in Wednesday, February 21 report. The firm has “In-Line” rating by Evercore given on Wednesday, May 2. The stock of Match Group, Inc. (NASDAQ:MTCH) has “Buy” rating given on Wednesday, May 2 by Aegis Capital. The stock of Match Group, Inc. (NASDAQ:MTCH) earned “Hold” rating by Wells Fargo on Tuesday, May 1. The stock has “Neutral” rating by UBS on Thursday, March 15. Wells Fargo downgraded the shares of MTCH in report on Friday, March 9 to “Hold” rating.

The stock increased 1.44% or $0.67 during the last trading session, reaching $47.16. About 1.67 million shares traded. Match Group, Inc. (MTCH) has risen 115.23% since August 17, 2017 and is uptrending. It has outperformed by 102.66% the S&P500.

Analysts await Match Group, Inc. (NASDAQ:MTCH) to report earnings on November, 6. They expect $0.31 EPS, up 121.43 % or $0.17 from last year’s $0.14 per share. MTCH’s profit will be $85.84M for 38.03 P/E if the $0.31 EPS becomes a reality. After $0.36 actual EPS reported by Match Group, Inc. for the previous quarter, Wall Street now forecasts -13.89 % negative EPS growth.

Match Group, Inc. provides dating products. The company has market cap of $13.06 billion. The firm operates in two divisions, Dating and Non-dating. It has a 32.7 P/E ratio. It operates a portfolio of approximately 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet, and LoveScout24.

More recent Match Group, Inc. (NASDAQ:MTCH) news were published by: Nasdaq.com which released: “Match Group (MTCH) Stock Soars on Q2 Tinder Success” on August 07, 2018. Also Fool.com published the news titled: “Why Match Group Is Only Growing More Attractive” on August 14, 2018. Seekingalpha.com‘s news article titled: “Match Group Is Still Undervalued” with publication date: August 09, 2018 was also an interesting one.

Match Group, Inc. (NASDAQ:MTCH) Ratings Chart

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