Match Group price target raised to $56 from $50 at Barclays

Barclays analyst Mario Lu raised the firm’s price target on Match Group to $56 from $50 and keeps an Overweight rating on the shares post the “solid’ Q2 report. Tinder revenue and payers came in above esimates, but expectations for sequential payer growth in Q4 was pushed back once again, the angsty tells investors in a research note. Nonetheless, both Tinder’s marketing campaign and weekly subscriber plan are seeing favorable results from new users and females in particular, which bodes well for its long-term growth, says the firm.