Northland analyst Jeff Houston attributes today's 7% pullback in MeetMe (MEET) to sympathy with the post-earnings slide in Match Group (MTCH), but he notes that MeetMe's business is almost entirely ad-driven while Match's brands are mostly subscription. Additionally, MeetMe has both dating and platonic use cases, while Match ahs only a dating use case. Houston sees the slide as a buying opportunity and reiterates an Outperform rating and $6 price target on MeetMe shares.
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