Oppenheimer analysts downgrade Match Group due to Tinder subscription losses

Share This Post

  • Match Group (NASDAQ:MTCH) Inc, a leader in digital dating products whose portfolio includes Match, OkCupid, Tinder, PlentyOfFish, and Hinge, has been downgraded to “Perform” by Oppenheimer analysts after it reported its first-ever quarterly decline in 4Q yesterday.

The analysts also removed their $65 price target for the stock but did not provide an updated price target, stating that the downgrade was necessary while they waited for Tinder’s subscriptions to stabilise following a significant loss during the quarter.

Match Group (NASDAQ:MTCH) shares were down 1.1% at $50.86 on Thursday morning.

Related Posts