After Deutsche Bank and Nomura gave Match Group Inc (NASDAQ: MTCH) a Buy rating last month, the company received another Buy, this time from SunTrust Robinson. Analyst Youssef Squali maintained a Buy rating on Match Group Inc today and set a price target of $106.00. The company’s shares closed last Monday at $73.00.
According to TipRanks.com, Squali is a top 100 analyst with an average return of 25.6% and a 71.4% success rate. Squali covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Uber Technologies Inc, and IAC/InterActiveCorp.
Currently, the analyst consensus on Match Group Inc is a Moderate Buy with an average price target of $95.36.
See today’s analyst top recommended stocks >>
Based on Match Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $128 million. In comparison, last year the company had a net profit of $131 million.
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.