RBC Capital Sticks to Its Buy Rating for Match Group (MTCH)
RBC Capital analyst Brad Erickson maintained a Buy rating on Match Group yesterday and set a price target of $37.00. The company’s shares closed yesterday at $28.90.
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According to TipRanks, Erickson is a 5-star analyst with an average return of 22.0% and a 57.55% success rate. Erickson covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Match Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Match Group with a $37.42 average price target, a 29.48% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $49.00 price target.
Based on Match Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $914.28 million and a net profit of $160.75 million. In comparison, last year the company earned a revenue of $895.48 million and had a net profit of $136.47 million
Read More on MTCH:
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