JP Morgan Raises Price Target for Match Group to $33.00, Maintains Neutral Rating

JP Morgan maintains a neutral rating for Match Group (MTCH) with a raised price target from $28 to $33, an 18% increase. Other analysts have also weighed in, with some maintaining neutral ratings and others adjusting price targets. The average target price for MTCH is $35.06, with a high estimate of $49 and a low estimate of $30. The average brokerage recommendation is 2.6, indicating a "Hold" status. GF Value estimates a one-year upside of 11.4%.

In the wake of Match Group's (MTCH) second-quarter earnings report, analysts have begun to reassess their price targets and ratings for the company. Morgan Stanley recently raised its price target on MTCH to $35.00 from $32.00, maintaining an Equalweight rating [1]. This upward revision reflects the firm's view that MTCH is undervalued, trading near its 52-week high of $38.77.

JPMorgan also raised its price target on MTCH to $33.00 from $28.00, while maintaining a Neutral rating [2]. The firm noted early signs of a turnaround in the Tinder app, with user metrics showing improvement. Despite a slight decline in operating income, revenue exceeded expectations, driven by Tinder and advertising revenue. JPMorgan's adjusted revenue estimate for 2025 reflects changes in foreign exchange rates and tax factors.

Other analysts have also responded to MTCH's Q2 results. Evercore ISI raised its price target to $38.00 from $32.00, describing the earnings as a "modest beat and raise" aided by favorable foreign exchange conditions [2]. Goldman Sachs increased its price target to $42.00 from $39.00, highlighting ongoing product initiatives for the Tinder app and strong performance in Hinge, particularly in international markets [2].

The average price target for MTCH is currently $35.06, with a high estimate of $49.00 and a low estimate of $30.00. The average brokerage recommendation is 2.6, indicating a "Hold" status. GF Value estimates a one-year upside of 11.4% [3].

Match Group reported second-quarter revenue of $864 million, exceeding analysts' estimates. The company's AI integration and focus on Gen Z appeal have been key strategic shifts, with Hinge showing particular success. Despite declining user numbers, the company has managed to increase revenue per payer, indicating improved monetization.

The market has responded positively to MTCH's Q2 results, with shares rising 9% in extended trading following the earnings announcement. The company plans to reinvest approximately $50 million in strategic initiatives, focusing on product testing, geographic expansion, and the development of new dating concepts.

References:
[1] https://www.investing.com/news/analyst-ratings/match-group-stock-price-target-raised-to-35-from-32-at-morgan-stanley-93CH-4173848
[2] https://www.investing.com/news/analyst-ratings/match-group-stock-price-target-raised-to-33-by-jpmorgan-on-early-signs-of-tinder-turnaround-93CH-4172847
[3] https://www.ainvest.com/news/masco-jp-morgan-maintains-neutral-raises-pt-74-65-2508/