Is Match Group (NASDAQ:MTCH) a Stock to Watch Now That Wells Fargo Has Begun Covering It?


How Wells Fargo Currently Rates Match Group (NASDAQ:MTCH)

Stock research analysts at Wells Fargo “Outperform” rating on Match Group (NASDAQ:MTCH). The firm started coverage on MTCHin an analyst research report sent to investors and clients on Monday morning.

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 10.27% above today’s ($13.15) stock price. Match Group was the topic of 2 analyst reports since November 23, 2015 according to the firm StockzIntelligence Inc. BTIG Research initiated shares on November 23 with “Sell” rating.

Approximately 145,429 shares of stock traded hands. Match Group Inc (NASDAQ:MTCH) has risen 6.00% since November 7, 2015 and is uptrending. It has outperformed by 7.08% the S&P500.

Is Match Group (NASDAQ:MTCH) a Stock to Watch Now That Wells Fargo Has Begun Covering It?

Match Group, Inc. is engaged in providing dating products. The company has a market cap of $3.18 billion. The Firm operates through two divisions: Dating and Non-dating. It has 24.04 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).