Oppenheimer Sticks to Their Hold Rating for Match Group (MTCH)
Oppenheimer analyst maintained a Hold rating on Match Group yesterday. The company’s shares closed yesterday at $30.61.
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In addition to Oppenheimer, Match Group also received a Hold from J.P. Morgan’s Cory Carpenter in a report issued yesterday. However, on the same day, Barclays maintained a Buy rating on Match Group (NASDAQ: MTCH).
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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- Match Group Earnings Call: Profit Strength, Tinder Reset
- Match Group price target lowered to $37 from $40 at TD Cowen
- Match Group price target lowered to $34 from $35 at Truist
- Match Group price target lowered to $34 from $36 at UBS
- Match Group: Early Signs of Product-Led Turnaround, but Balanced Risk-Reward Keeps Rating at Hold
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