Stifel analyst Mark Kelley has revised the price target for Match Group (MTCH, Financial), lowering it from $35 to $29 while maintaining a Hold rating on the stock. This adjustment comes as a result of the firm's broader decision to reduce its estimates for digital advertising, e-commerce, marketplaces, and subscription services, despite advertising performance surpassing initial expectations.
The firm anticipates a slowdown or decline in gross merchandise volume (GMV) growth for e-commerce and marketplaces, largely due to consumer pressure from rising costs. This assessment highlights a significant level of uncertainty in their forward projections, a sentiment not felt by the firm since the height of the COVID-19 pandemic.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Match Group Inc (MTCH, Financial) is $36.17 with a high estimate of $52.00 and a low estimate of $29.00. The average target implies an upside of 21.76% from the current price of $29.71. 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 45.24% from the current price of $29.71. 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.
