Jefferies analyst Brent Thill says Match Group’s (NASDAQ:MTCH) Q4 guidance is in-line with original estimates after normalizing the $6M FX headwind, GDPR softness, and $3M in litigation expenses, which signifies continued strength in the core businesses.
Thill maintains a Buy rating and $70 price target.
Cowen’s John Blackledge writes that Tinder strength continued with 344K added subs (guidance +300K) driven by continued follow through of Tinder Gold. He sees the $2 special dividend as a positive as Match continues to generate healthy FCF.
Blackledge maintains an Outperform rating and a $55 price target.
Source: Bloomberg First Word.
Match shares are down 17.4% to $42.52.
Previously: Match Group beats by $0.04, beats on revenue (Nov. 6)
Previously: Match Group -9.5% on downside Q4 guidance (Nov. 6)
Previously: Match Group guides soft Q4 Tinder subscriber adds (Nov. 7)
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