Loop Capital Increases Match Group Price Objective to $38.00
July 1, 2023
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On Tuesday morning, Loop Capital released a report increasing their price objective for Match Group ($NASDAQ:MTCH) to $38.00 from $35.00. Match Group is an American Internet company headquartered in Dallas, Texas. It is a provider of online dating products including apps and websites such as Tinder, Hinge, and OkCupid.
Loop Capital’s increase in the price objective for Match Group reflects the company’s strong financial performance over the past few years and its potential for future growth. With a new price objective of $38.00, investors may be further encouraged to invest in this burgeoning tech company.
Market Price
The analysts at Loop Capital noted that the market opportunity for online dating is large and continues to expand. They also mentioned that the company continues to improve its user interface, strengthen its competitive position, and build a more diverse portfolio of products, which should further bolster its earnings. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Match Group. More…
| Total Revenues | Net Income | Net Margin |
| 3.18k | 302.22 | 19.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Match Group. More…
| Operations | Investing | Financing |
| 413.56 | -76.83 | -677.49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Match Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.2k | 4.54k | -1.2 |
Key Ratios Snapshot
Some of the financial key ratios for Match Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -13.3% | 17.4% | 16.2% |
| FCF Margin | ROE | ROA |
| 11.4% | -92.9% | 7.7% |
Analysis
GoodWhale has conducted a comprehensive analysis of MATCH GROUP‘s fundamentals. Our Risk Rating for this company is high, as there are many potential risks associated with investing in it. We have identified three significant risk warnings in the income sheet, balance sheet, and cash flow statement. Our analysis of these documents reveals that there are a number of factors that may lead to losses for investors. We encourage potential investors to register with us to gain access to our detailed report. In it, we provide further details about the risks associated with MATCH GROUP and our recommendations for how to reduce and manage them. Additionally, we provide helpful information on the company’s strengths and weaknesses, which will help you make the best decision for your portfolio. More…
Peers
– Baltic Classifieds Group PLC ($LSE:BCG)
Baltic Classifieds Group PLC is a leading digital classifieds business in the Baltic and Nordic region. The company operates some of the region’s most popular and successful websites, including Skelbiu, Osta.ee and City24. It has a market capitalization of 670.58M as of 2022. Its Return on Equity (ROE) is 4.84%, which is an indicator of the company’s performance and ability to generate profits from its shareholders’ investments. The company continues to grow through acquisitions and expansion into new markets, as well as developing new products and services for its customers.
– Bylog Group Corp ($OTCPK:BYLG)
Darelle Online Solutions Inc is a software development and technology consulting firm headquartered in California. It has a market cap of 552.81k as of 2022, which reflects its financial performance and potential for further growth. The company’s Return on Equity (ROE) stands at 11.04%, which is an impressive figure that highlights the efficiency of capital management within the firm. Darelle Online Solutions Inc specializes in offering IT solutions to organizations in the fields of e-commerce, automation, analytics, cloud computing, and more. The company has a talented and experienced team of specialists that are dedicated to providing high-quality services and products.
Summary
Loop Capital has released a report that indicates a bullish attitude towards investing in Match Group, increasing the price objective from $35.00 to $38.00. The report was released on Tuesday morning, and indicates that investors can expect higher returns on their investments in the company. The report’s analysts point to a range of factors, such as strong financial performance, strong competitive positioning, and technological advances, as reasons for their increased price objective. Overall, the report is a positive indication for investors looking to reap gains from Match Group stock.
