Match Group (MTCH) Likely To Grind Higher - Jefferies

Jefferies analyst Brent Thill reiterated a Buy rating and $64.00 price target on Match Group (NASDAQ: MTCH) and expects to see see sustainable mid to high teen revenue growth and high 30% margins after a year of 30% growth in 2018.

The analyst stated "While YTD performance is strong (+32% vs NASDAQ +18%) and further multiple expansion may prove difficult at these levels (~23x NTM EBITDA vs 9x - 26x historical) we trust MTCH's history of quarterly execution and the LT tailwinds at play. We expect the stock to grind higher rather than fly higher".

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 $56.68 yesterday.

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