Citigroup (NYSE:C) analyst Citigroup maintained a Buy rating on Match Group (NASDAQ:MTCH) on Thursday, setting a price target of $135, which is approximately 16.46% above the present share price of $115.92.
expects Match Group to post earnings per share (EPS) of -$1.15 for the third quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Match Group, with an average price target of $117.54.
The analysts price targets range from a high of $150 to a low of $86.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.23 billion and a net profit of $34.19 million. The company's market cap is $30.54 billion.
According to TipRanks.com, Citigroup analyst Citigroup is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 8.4% and a 58.97% success rate.
Match Group is a provider of online dating products. The firm became public in 2015 and was more than 80% owned by IAC/InterActiveCorp (NASDAQ:IAC) until IAC spun it off in second-quarter 2020. The company has a vast portfolio of different online dating service providers, including Tinder, Match.com, OkCupid, PlentyOfFish, 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%).