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Fly News Breaks for March 21, 2018
MTCH
Mar 21, 2018 | 08:27 EDT
Jefferies analyst Brent Thill believes Match Group investors will take comfort in Bumble announcing that it will never sell to the company, no matter the price. The analyst notes news reports put Bumble's valuation at over $1B valuation versus Match's cash position of $270M. As owners of four of the top five North American dating brands, Match Group is best positioned to benefit from the "industry tailwinds in online dating," Thill tells investors in a research note titled "With or Without You: Bumble Swipes Left on MTCH." The analyst keeps a Buy rating on Match with a $50 price target.