Information Provided By:
Fly News Breaks for May 13, 2019
MTCH
May 13, 2019 | 08:51 EDT
BMO Capital analyst Daniel Salmon raised his price target on Match Group to $75 and kept his Outperform rating after its Tinder-driven Q1 earnings beat, saying that he is also bullish on the company's plans to tap into its global growth opportunity in Asia. The analyst further cites the management's goal of total revenue component from APAC reaching 25% from 12% at 2018-end, and maintaining that Match Group is an "undisputed category leader" executing on its subscriber growth, margin expansion, and rising average revenue per user targets.
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