What’s Next for Match Group, Inc. (MTCH) After Touching All Time High?

March 14, 2018 - By Adrian Mccoy

The stock of Match Group, Inc. (NASDAQ:MTCH) reached all time high today, Mar, 14 and still has $49.87 target or 7.00 % above today’s $46.61 share price. This indicates more upside for the $12.82B company. This technical setup was reported by Barchart.com. If the $49.87 PT is reached, the company will be worth $897.19 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.60% or $1.18 during the last trading session, reaching $46.61. About 1.61 million shares traded. Match Group, Inc. (NASDAQ:MTCH) has risen 42.49% since March 14, 2017 and is uptrending. It has outperformed by 25.79% the S&P500.

Analysts await Match Group, Inc. (NASDAQ:MTCH) to report earnings on May, 1. They expect $0.19 earnings per share, up 137.50 % or $0.11 from last year’s $0.08 per share. MTCH’s profit will be $52.25M for 61.33 P/E if the $0.19 EPS becomes a reality. After $0.25 actual earnings per share reported by Match Group, Inc. for the previous quarter, Wall Street now forecasts -24.00 % negative EPS growth.

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

Among 17 analysts covering Match Group (NASDAQ:MTCH), 11 have Buy rating, 0 Sell and 6 Hold. Therefore 65% are positive. Match Group had 34 analyst reports since November 23, 2015 according to SRatingsIntel. Axiom Capital maintained it with “Buy” rating and $20 target in Thursday, November 3 report. The firm earned “Buy” rating on Thursday, December 10 by UBS. The rating was maintained by Numis Securities on Thursday, November 3 with “Buy”. As per Monday, November 23, the company rating was initiated by Axiom Capital. Barclays Capital maintained Match Group, Inc. (NASDAQ:MTCH) rating on Thursday, November 9. Barclays Capital has “Equal-Weight” rating and $30 target. As per Monday, December 14, the company rating was initiated by Oppenheimer. The firm earned “Sell” rating on Monday, December 14 by Goldman Sachs. BTIG Research initiated Match Group, Inc. (NASDAQ:MTCH) on Monday, November 23 with “Sell” rating. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 23. The firm earned “Buy” rating on Monday, December 14 by Bank of America.

More notable recent Match Group, Inc. (NASDAQ:MTCH) news were published by: Marketwatch.com which released: “Match Group stock no longer cheap but could rally further, says Jefferies” on March 07, 2018, also Marketwatch.com with their article: “New Match Group CEO wants to make online dating friendlier for women” published on February 14, 2018, Seekingalpha.com published: “Match Group: Tinder Points To Bigger Problems With Mobile” on March 12, 2018. More interesting news about Match Group, Inc. (NASDAQ:MTCH) were released by: Nasdaq.com and their article: “Commit To Buy Match Group At $30, Earn 13.3% Using Options” published on March 14, 2018 as well as Seekingalpha.com‘s news article titled: “Match Group: A Valentine’s Day Gift For Your Portfolio” with publication date: February 14, 2018.

Match Group, Inc. provides dating products. The company has market cap of $12.82 billion. The firm operates in two divisions, Dating and Non-dating. It has a 39.47 P/E ratio. It operates a portfolio of approximately 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet, and LoveScout24.

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