BMO Capital Believes Match Group Inc (NASDAQ: MTCH) Still Has Room to Grow

By Ryan Adsit

BMO Capital analyst Daniel Salmon reiterated a Buy rating on Match Group Inc (NASDAQ: MTCH) on September 11 and set a price target of $21. The company’s shares opened today at $23.51, close to its 52-week high of $24.05.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 12.6% and a 67.1% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Publicis Groupe SA, and Factset Research.

Currently, the analyst consensus on Match Group Inc is Strong Buy and the average price target is $24, representing a 2.1% upside.

In a report issued on September 6, Aegis Capital also reiterated a Buy rating on the stock with a $24 price target.

The company has a one year high of $24.05 and a one year low of $15.08. Currently, Match Group Inc has an average volume of 1.43M.

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Match Group provides dating products. The company product brands include Match, OkCupid, PlentyOfFish, Tinder, Meetic, Twoo, OurTime, BlackPeopleMeet and FriendScout24. It operates through the following segments: Dating and Non-Dating. The Dating segment provides dating products.