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Jefferies Believes Match Group Inc (MTCH) Still Has Room to Grow


Jefferies analyst Brent Thill maintained a Buy rating on Match Group Inc (NASDAQ: MTCH) today and set a price target of $70. The company’s shares closed yesterday at $57.29, close to its 52-week high of $60.95.

According to TipRanks.com, Thill is a top 100 analyst with an average return of 19.9% and a 75.1% success rate. Thill covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Alphabet Inc, and Wix.com Ltd.

Match Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $54.44, a -5.0% downside from current levels. In a report issued on September 26, UBS also reiterated a Buy rating on the stock with a $66 price target.

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Based on Match Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $133 million. In comparison, last year the company had a net profit of $288 million.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Match Group, Inc. engages in providing dating products. Its brands include: Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet, and LoveScout24. It operates through the following segments: Dating and Non-Dating. The Dating segment provides dating products.