Nomura Instinet analyst Mark Kelley initiated Match Group (MTCH) with a Buy rating and $66 price target. Kelley sees Match remaining the clear leader in online dating, despite Tinder growth, the evolution of other brands such as OKCupid and PlentyOfFish, and Facebook's (FB) recent entry into dating -- which the analyst is not concerned about. Kelley estimates the global dating market, ex-China, will be $12B by 2020, and conservatively expects Match to comprise 20% of the market at that time.

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Tinder is enabling users to share their date plans with friends and family directly from the app through a "Share My Date" feature, TechCrunch's Lauren Forristal reports, citing a statement. The feature will allow users to send recipients a link that includes details about the date including the match's name, meeting location, date and time. "At Tinder, we continue to release new features that aim to create a fun, safe, and respectful experience for all," Tinder CMO Melissa Hobley said. "Discussing plans with friends and family is a time-honored dating ritual. Share My Date streamlines this basic info-sharing so singles can jump right to the exciting part, from figuring out what to wear to prepping conversation topics." Reference Link