It is Time to Overweight Match Group (NASDAQ:MTCH), Barclays Says. Stock May Be Worth $17.0

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Why Has Barclays Given Match Group (NASDAQ:MTCH) a $17.0 Price Target

Professional analysts at Barclays have started coverage on Match Group (NASDAQ:MTCH) with a key Overweight rating. The price target for MTCH is exactly $17.0. It means a possible upside of 22.83% from firm’s price per share.

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 14.97% above today’s ($13.63) stock price. Match Group was the topic of 4 analyst reports since November 23, 2015 according to the firm StockzIntelligence Inc. UBS initiated shares on December 10 with “Buy” rating. BTIG Research initiated MTCH stock in a recent report from November 23 with “Sell” rating.

The stock decreased 1.52% or $0.21 on December 14, striking $13.63. Approximately 1.58 million shares of stock traded hands. Match Group Inc (NASDAQ:MTCH) has risen 6.00% since November 14, 2015 and is uptrending. It has outperformed by 10.42% the S&P500.

Match Group, Inc. is engaged in providing dating products. The company has a market cap of $3.39 billion. The Firm operates through two divisions: Dating and Non-dating. It has 24.92 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.”

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