Nomura Instinet analyst Mark Kelley raised his price target for Match Group (MTCH) to $86 from $81 saying a large market opportunity remains for the company despite its "hiccup" in Q4. Match reported Q4 revenue below expectations, due to increased Tinder churn from the new iOS 13 cancellation flow, which was amplified as Apple (AAPL) forced users to upgrade in late December, Kelley tells investors in a post-earnings research note. However, the non-Tinder brands remain a focus and are expected to contribute to revenue growth, especially at Hinge, which is expected to be near breakeven in 2020, adds the analyst. He believes Match's iOS cancellation issues will abate and that estimates have upside as we progress throughout the year.

Apple has renewed talks with OpenAI about using the company's technology to power some new features coming to the iPhone later this year, Bloomberg's Mark Gurman reports, citing people familiar with the matter. The two companies have begun discussing terms of a possible agreement and how the OpenAI features would be integrated into Apple's iOS 18, the next iPhone operating system, said the people, who asked not to be identified because the deliberations are private.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Erste Group downgraded Apple to Hold from Buy.

Apple (AAPL) supplier TSMC (TSM) has unveiled its A16 chip manufacturing technology featuring nanosheet transistors with "backside power rails" meant for producing its ultra-advanced 1.6nm chips by 2026, Nikkei Asia's Cheng Ting-Fang reports. TSMC says the introduction of the technology can "greatly improve logic density and performance." Reference Link

Alphabet (GOOGL), the parent company of Google, is scheduled to report first quarter 2024 results after the market close on Thursday, April 25, with a conference call scheduled for 4:30 pm Eastern Time. What to watch... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here