
Please try another search
By Sam Boughedda
Investing.com — Online dating companies Match Group Inc (NASDAQ:MTCH) and Bumble Inc (NASDAQ:BMBL) drew an upgrade by Goldman Sachs to buy from neutral.
Shares of Match rose 1% on Thursday while shares of Bumble were flat.
Analyst Alexandra Steiger trimmed the price target of both, Bumble to $54 per share from $57 and Match to $157 from $162.
The re-ratings were part of a broader research note on the online dating industry, with Steiger telling investors that both companies are "well-positioned to benefit from a number of structural industry tailwinds in the years ahead."
"Match Group & Bumble have underperformed the S&P 500 in '21 and we see the current valuation as an attractive entry point into a multi-year compounded growth story.”
However, the analyst added that although the current valuations are attractive, there may need to be a greater degree of "risk-on" investor behavior for better stock performance levels.
In addition to the positive rating by Goldman, Piper Sandler initiated Bumble with a neutral rating and Match group with an overweight rating.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.