Match Group (MTCH) has been under focus with moderate shifts in its stock performance. The company recently reported their Q3 2024 earnings, beating estimates, yet amidst a sharp focus on revenue figures which were at the lower end of the guidance. Price targets have generally been downgraded, with figures from Truist, Susquehanna, UBS, and Royal Bank of Canada adjusted downward. Investment firms such as Easterly Investment Partners, Swedbark AB, and Minneapolis Portfolio Management Group have increased their holdings, while others such as abrdn plc and US Bancorp DE have reduced their stakes. Despite revenue being modest, the company demonstrated growth in Q3 2024. There is speculation about Match Group’s future plans, with Starboard pushing for changes after building a significant stake in the company. While an activist push sees the member decline on Tinder, some believe there is potential for Match Group's turnaround. However, amidst this, there are concerns about Match Group's future due to underwhelming Tinder projections and the company's planned job cuts.
Match Group MTCH News Analytics from Mon, 06 May 2024 07:00:00 GMT to Sat, 09 Nov 2024 11:13:57 GMT -
Rating 0
- Innovation 0
- Information 5
- Rumor -2
