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Fly News Breaks for October 4, 2018
MTCH
Oct 4, 2018 | 07:56 EDT
Jefferies analyst Brent Thill raised his price target for Match Group to $70 saying he sees further upside from current levels despite the share run since Q2 earnings. Tinder Picks has helped extend the Gold product cycle and overall Tinder monetization "is in the early innings," Thill tells investors in a research note titled "You Can't Put a Price on Love: We Remain Positive on MTCH." The analyst estimates double-digit revenue growth through 2022 and keeps a Buy rating on Match Group.
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