Match Group stock is underperforming the S&P 500 due to factors like competition and economic challenges

From Nasdaq: 2024-12-30 12:02:28

Match Group, Inc. is a major player in online dating, with a market cap of $8.3 billion and popular platforms like Tinder and Match. Despite recent stock declines, it remains a mid-cap stock with a broad market reach due to its diverse portfolio and technology investments.

MTCH shares have dropped from their 52-week high, underperforming the S&P 500. Long-term trends show mixed results, with slight fluctuations below moving averages. Factors like a drop in subscriptions, competition, and economic challenges have contributed to this underperformance.

Meta Platforms has outperformed MTCH, gaining 15.5% in six months and 67.6% in the past year. Analysts are moderately bullish on MTCH, with a consensus “Moderate Buy” rating and a mean price target of $36.88, suggesting an 11.2% potential upside from current levels.



Read more at Nasdaq: Is Match Group Stock Underperforming the S&P 500?