Jefferies Downgrades Match Group (MTCH) to Hold

Jefferies analyst James Heaney downgraded Match Group (NASDAQ: MTCH) from Buy to Hold with a price target of $32.00 (from $40.00).

The analyst comments "We downgrade MTCH to Hold as Tinder continues to see weak MAU trends (3M losses since 1Q24) with new verification requirements potentially adding to headwinds against a high bar for a 2H25 improvement / MAU acceleration into '26/'27. Moreover, we are seeing a consumer shift away from "swipe" to "prompt" dating. Hinge's strength and the possibility of PE interest may help provide a floor, but we see few catalysts for upside. PT to $32, 8x EBITDA."

For an analyst ratings summary and ratings history on Match Group click here. For more ratings news on Match Group click here.

Shares of Match Group closed at $32.36 yesterday.

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