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Fly News Breaks for February 6, 2020
Feb 6, 2020 | 07:36 EDT
Oppenheimer analyst Jason Helfstein raised his price target for Match Group to $92 from $85 despite Q4 results that missed Street expectations on revenue and Tinder Subscribers. The analyst sees upside to shares as guidance appears conservative, given new CEO, with Tinder direct revenue growth of 28%-plus year over year versus 43%-plus in fiscal year 2019, with fiscal year 2020 users growing 22%-plus year over year. Helfstein has an Outperform rating on the shares.
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