Bank of America has revised its price target for Match Group (MTCH, Financial), reducing it from $36 to $33, while maintaining a Neutral rating on the stock. This adjustment comes as the company prepares to announce its quarterly earnings on May 8.
Despite the lowered price target, Bank of America has slightly increased its first-quarter predictions for Match Group. The firm notes a favorable shift in foreign exchange rates, which could benefit the company. Additionally, data from Sensor Tower suggests marginal improvements in Tinder's performance, a key platform under Match Group's umbrella.
However, the analysts express concerns over broader economic issues. They highlight the potential impact of tariff-related uncertainties and the risk of a recession, which could further dampen the company's revenue from subscribers and one-time purchases.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Match Group Inc (MTCH, Financial) is $36.47 with a high estimate of $52.00 and a low estimate of $31.00. The average target implies an upside of 25.66% from the current price of $29.02. More detailed estimate data can be found on the Match Group Inc (MTCH) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Match Group Inc's (MTCH, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Match Group Inc (MTCH, Financial) in one year is $43.15, suggesting a upside of 48.69% from the current price of $29.02. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Match Group Inc (MTCH) Summary page.
