JPMorgan has adjusted its price target for Match Group (MTCH, Financial), reducing it from $33 to $29. Analyst Cory Carpenter maintains a Neutral rating on the stock as the firm prepares for the company's upcoming first-quarter earnings report. This revision is part of a broader strategy by JPMorgan, which has updated its estimates, valuation multiples, and price targets for several small to mid-cap internet and video game companies.
The adjustments stem from concerns about macroeconomic pressures and tariff uncertainties, which have prompted a reassessment of revenue forecasts. JPMorgan has lowered revenue estimates by as much as 5% for certain companies, focusing particularly on those directly exposed to tariff impacts and broader economic risks. Match Group is among those identified as facing these challenges, leading to the revised outlook.
