Wells Fargo analyst Ken Gawrelski lowered the firm’s price target on Match Group (MTCH) to $32 from $33 and keeps an Equal Weight rating on the shares. Investor Day rebases lower consensus growth expectations for 2025, the firm says. Wells’ concern is the management forecast for accelerating growth in 2026 and 2027. The firm believes the stock would have benefited from more modest forward expectations and capacity to invest for growth.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTCH:
- Match Group price target lowered to $31 from $33 at Morgan Stanley
- Match Group price target lowered to $36 from $39 at Stifel
- Match Group sees total revenue CAGR 4%-6% 2024-2027
- Match’s Tinder sees 2025 reported revenue down mid-single digits
- Match Group sees Q4 revenue, ex-FX, within range given on Q3 earnings call