Evercore ISI lowered the firm’s price target on Match Group (MTCH) to $35 from $37 and keeps an Outperform rating on the shares. Following the company’s inaugural investor day earlier this week, the firm views the “muted” Tinder outlook as “overshadowing generally constructive segment outlooks” at Hinge, MG Asia, and E&E, as well as “compelling AI initiatives across the portfolio” and an “array of shareholder-friendly initiatives,” the analyst tells investors. The firm cites estimate revisions for its lowered target, but views the value as “compelling” as Match targets $5 of free cash flow per share in 2027.
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