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Fly News Breaks for May 9, 2019
MTCH
May 9, 2019 | 05:10 EDT
Goldman Sachs analyst Michael Ng upgraded Match Group to Neutral from Sell and raised his price target for the shares to $66 from $48 following the company's Q1 results. The positive stock reaction to Match's in-line Q1 revenue and EBITDA results illustrate that the market is more focused on the longer-term investment thesis, Ng tells investors in a research note. And he believes the longer-term thesis is supported by the pace of the company's subscriber growth, specifically Tinder momentum. It appears that weaker pricing and softer margins will not be a catalyst for a downward re-rating, says the analyst.
News For MTCH From the Last 2 Days
MTCH
Mar 27, 2024 | 15:57 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here
MTCH
Mar 26, 2024 | 12:26 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: While... To see the rest of the story go to thefly.com. See Story Here