Guggenheim Issues an Upgrade on Match Group (MTCH) Shares. What’s Next?

December 20, 2017 - By Peter Erickson

  Guggenheim Issues an Upgrade on Match Group (MTCH) Shares. What’s Next?

Match Group (MTCH) Stock Upgrade

EU-listed Match Group (MTCH), was boosted by stock analysts at Guggenheim. The firm boosted its rating on the $8.42 billion market capitalized company to a respectable “Buy” from their past rating of “Neutral”.

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

Among 14 analysts covering Match Group (MTCH), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Match Group has $35.0 highest and $15 lowest target. $27.92’s average target is -9.44% below currents $30.83 stock price. Match Group had 26 analyst reports since September 30, 2016 according to SRatingsIntel. Aegis Capital initiated the stock with “Buy” rating in Friday, November 18 report. The stock of Match Group, Inc. (NASDAQ:MTCH) earned “Buy” rating by Wells Fargo on Tuesday, August 1. The stock of Match Group, Inc. (NASDAQ:MTCH) has “Hold” rating given on Wednesday, October 11 by Goldman Sachs. The rating was maintained by Aegis Capital on Wednesday, September 6 with “Buy”. The rating was maintained by Cowen & Co on Friday, October 13 with “Buy”. BMO Capital Markets maintained it with “Buy” rating and $2100 target in Thursday, July 13 report. The firm has “Buy” rating by Oppenheimer given on Tuesday, August 8. As per Friday, July 14, the company rating was maintained by Aegis Capital. The firm has “Neutral” rating by Guggenheim given on Friday, January 20. Aegis Capital maintained it with “Buy” rating and $32.0 target in Monday, November 13 report.

The stock increased 1.08% or $0.33 during the last trading session, reaching $30.83. About 1.52M shares traded. Match Group, Inc. (MTCH) has risen 42.49% since December 20, 2016 and is uptrending. It has outperformed by 25.79% the S&P500.

Analysts await Match Group, Inc. (NASDAQ:MTCH) to report earnings on January, 30. They expect $0.25 EPS, up 4.17 % or $0.01 from last year’s $0.24 per share. MTCH’s profit will be $68.29M for 30.83 P/E if the $0.25 EPS becomes a reality. After $0.14 actual EPS reported by Match Group, Inc. for the previous quarter, Wall Street now forecasts 78.57 % EPS growth.

Match Group, Inc. provides dating products. The company has market cap of $8.42 billion. The firm operates in two divisions, Dating and Non-dating. It has a 20.68 P/E ratio. It operates a portfolio of approximately 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet, and LoveScout24.

More important recent Match Group, Inc. (NASDAQ:MTCH) news were published by: Streetinsider.com which released: “Form 3 Match Group, Inc. For: Dec 05 Filed by: Ginsberg Amanda” on December 14, 2017, also Investorplace.com published article titled: “Pairing of Match Group Inc and Bumble Could Have Chemistry”, Seekingalpha.com published: “2 Stocks That Are Capitalizing On Popular Trends” on November 28, 2017. More interesting news about Match Group, Inc. (NASDAQ:MTCH) was released by: Prnewswire.com and their article: “Match Group and Univision Communications Inc. Launch New Free Dating App for …” with publication date: December 19, 2017.

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