Match Group (MTCH) Stock Price: $105 Target And Buy Rating

By Amit Chowdhry ● Jun 19, 2022
  • The shares of Match Group Inc (NASDAQ: MTCH) have received a $105 price target from Goldman Sachs. These are the details.

The shares of Match Group Inc (NASDAQ: MTCH) have received a $105 price target from Goldman Sachs. And Goldman Sachs analyst Alexandra Steiger is maintaining a “Buy” rating on the shares.

Steiger adjusted the rating following the company’s first-quarter results. And Steiger integrated a more conservative view due to the range of macro headwinds.

Match Group had reported a Q1 EPS of $0.60, which was $0.07 higher than the analyst estimates of $0.53. And the revenue for the quarter was $799 million compared to the consensus estimate of $796.54 million.

In terms of guidance, Match Group expects Q2 2022 revenue of $800 million and $810 million, compared to the consensus of $835.2 million.

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