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Analysts’ Opinions Are Mixed on These Communication Services Stocks: Match Group (MTCH) and Bumble (BMBL)

Tipranks - Thu May 7, 5:48AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Match Group (MTCH) and Bumble (BMBL).

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Match Group (MTCH)

UBS analyst Stephen Ju maintained a Hold rating on Match Group today and set a price target of $38.00. The company’s shares closed last Tuesday at $37.65, close to its 52-week high of $38.84.

According to TipRanks.com, Ju is a 5-star analyst with an average return of 11.5% and a 50.3% success rate. Ju covers the Technology sector, focusing on stocks such as Uber Technologies, Viant Technology, and Unity Software. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Match Group with a $39.57 average price target, which is a 4.0% upside from current levels. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a $38.00 price target.

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Bumble (BMBL)

Bank of America Securities analyst Omar Dessouky reiterated a Sell rating on Bumble today and set a price target of $3.50. The company’s shares closed last Tuesday at $4.29, close to its 52-week low of $4.28.

According to TipRanks.com, Dessouky is a 5-star analyst with an average return of 27.4% and a 53.2% success rate. Dessouky covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and AppLovin. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Bumble with a $4.49 average price target.

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