Summit Insights Group Initiates Hold Rating for Match Group (MTCH) With a $45 Price Target

Why Has Summit Insights Group Given Match Group (MTCH) a $45 Price Target

Equity research analysts at Summit Insights Group has begun coverage on Match Group (MTCH) with a key Hold rating. The target price for MTCH is exactly $45. It gives a possible upside of 11.91 % from company’s previous close.

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

Among 6 analysts covering Match Group (MTCH), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Match Group has $70 highest and $46 lowest target. $59’s average target is 46.73% above currents $40.21 stock price. Match Group had 7 analyst reports since August 9, 2018 according to SRatingsIntel. On Thursday, August 9 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The firm has “Buy” rating by Jefferies given on Thursday, October 4. Deutsche Bank maintained the shares of MTCH in report on Monday, November 5 with “Buy” rating. Deutsche Bank maintained Match Group, Inc. (NASDAQ:MTCH) rating on Friday, August 17. Deutsche Bank has “Buy” rating and $56 target. The company was maintained on Thursday, August 9 by BMO Capital Markets.

The stock increased 0.25% or $0.1 during the last trading session, reaching $40.21. About 1.55M shares traded. Match Group, Inc. (MTCH) has risen 41.18% since December 12, 2017 and is uptrending. It has outperformed by 41.18% the S&P500.

Analysts await Match Group, Inc. (NASDAQ:MTCH) to report earnings on February, 5. They expect $0.35 earnings per share, up 40.00 % or $0.10 from last year’s $0.25 per share. MTCH’s profit will be $97.33M for 28.72 P/E if the $0.35 EPS becomes a reality. After $0.36 actual earnings per share reported by Match Group, Inc. for the previous quarter, Wall Street now forecasts -2.78 % negative EPS growth.

Match Group, Inc. provides dating products. The company has market cap of $11.18 billion. The firm operates in two divisions, Dating and Non-dating. It has a 33.65 P/E ratio. It operates a portfolio of approximately 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet, and LoveScout24.

More notable recent Match Group, Inc. (NASDAQ:MTCH) news were published by: Nasdaq.com which released: “These 3 Value Stocks Are Absurdly Cheap Right Now – Nasdaq” on December 08, 2018, also Nasdaq.com with their article: “What the Heck Is Match Group Up to With This Special Dividend? – Nasdaq” published on November 15, 2018, Investorplace.com published: “The 10 Wildest Stock Market Predictions for 2019 – Investorplace.com” on December 10, 2018. More interesting news about Match Group, Inc. (NASDAQ:MTCH) were released by: Investorplace.com and their article: “Some Pre-Earnings Homework for Momo Stock Followers – Investorplace.com” published on December 03, 2018 as well as Seekingalpha.com‘s news article titled: “Match Group Is A Buy (Again) – Seeking Alpha” with publication date: November 11, 2018.

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

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