UBS Securities Begins Covering Match Group (NASDAQ:MTCH) Stock. “Shares to Hit $18.00”

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Why Has UBS Securities Given Match Group (NASDAQ:MTCH) a $18.00 Price Target

UBS Securities analyst began issuing coverage with a “Buy” rating on Match Group (NASDAQ:MTCH) today and set a price target of $18.00. The company’s shares opened today at 13.77.

From a total of 3 analysts covering Match Group (NASDAQ:MTCH) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $18 while the lowest target price is $11. The mean of all analyst targets is $15.33 with a 5.30% above today’s ($13.77) stock price. Match Group was the topic of 3 analyst reports since November 23, 2015 according to the firm StockzIntelligence Inc. Wells Fargo initiated shares on December 7 with “Outperform” rating. Axiom Capital initiated MTCH stock in a recent report from November 23 with “Buy” rating.

Approximately 660,261 shares of stock traded hands. Match Group Inc (NASDAQ:MTCH) has risen 6.00% since November 10, 2015 and is uptrending. It has outperformed by 7.93% the S&P500.

Match Group, Inc. is engaged in providing dating products. The company has a market cap of $3.29 billion. The Firm operates through two divisions: Dating and Non-dating. It has 25.17 P/E ratio. The Firm operates a portfolio of over 45 brands.

According to Zacks Investment Research, “Match Group, Inc. offers subscription-based online dating websites and applications services. The company’s dating products brands consists of Match, OkCupid, Tinder, PlentyOfFish, Meetic, Twoo, OurTime and FriendScout24. Match Group, Inc. is headquartered in Dallas, Texas.” Get a free copy of the Zacks research report on Match Group Inc (MTCH).

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