Morgan Stanley increases Match Group price target, says bull case in play

Morgan Stanley analyst Nathan Feather raised the firm’s price target on Match Group (MTCH) to $33 from $32 and keeps an Equal Weight rating on the shares after coming away “cautiously optimistic” from Q4 earnings. The firm said positive leading indicators put the bull case in play for Match. Morgan Stanley told investors in a research note that if you exclude the impact of iOS 18 changes, it believes Tinder would have shown consistent user acceleration over the past six months. The firm added that it would like to see further data before calling the bottom.