Susquehanna Maintains Positive Rating for Match Group: Here's What You Need To Know

Susquehanna has decided to maintain its Positive rating of Match Group MTCH and raise its price target from $48.00 to $55.00.

Shares of Match Group are trading up 0.52% over the last 24 hours, at $45.99 per share.

A move to $55.00 would account for a 19.59% increase from the current share price.

About Match Group

Match Group is a provider of online dating products. The firm became public in 2015 and was more than 80% owned by IAC/InterActiveCorp until IAC spun it off in the second quarter of 2020. The company has a vast portfolio of different online dating service providers, including Tinder, Hinge, BLKB, Chispa, Match.com, OkCupid, Plenty of Fish, and Meetic. Match Group has more than 45 brands of online dating sites and/or apps, from which it generates user fee revenue (95%) and advertising revenue (5%).

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This article was generated by Benzinga's automated content engine and reviewed by an editor.