BUZZ-Match Group down as JPM downgrades to 'neutral'

Reuters
2024/12/18
BUZZ-Match Group down as JPM downgrades to 'neutral'

** Shares of Tinder-parent Match Group MTCH.O fall 1.3% to $31.18 in premarket trading

** J.P.Morgan downgrades MTCH stock to "neutral" from "overweight" as brokerage sees limited visibility in the timing and magnitude of the Tinder turnaround

** "Global online dating spend remained stagnant in 2024, and we expect muted growth to persist in 2025" - JPM

** JPM says revenue to decline for Tinder and Bumble BMBL.O in 2025, with Tinder not expected to return to growth until 2027

** Brokerage says industry consolidation is a real possibility in the not too distant future, while being skeptical on the potential of taking the companies private

** 13 of 27 brokerages rate the stock "buy" and 14 "hold"; their median PT is $35.5

** Up to last close, stock had fallen 13.5% this year

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10