TD Cowen maintains Buy rating on Match Group, $52 price target

What happened

TD Cowen kept a Buy rating on Match Group stock and a $52.00 price target. That target implies 15.0% upside from the October 26 close of $45.21.

Confirmed

Global impact / market context

A Buy rating with a target above the current price signals the analyst expects the shares to rise. The note points to Hinge growth and a low valuation versus cash flow as reasons to own the stock.

Analyst inference

Match Group's Hinge app is projected to reach 31% of revenue by 2028. The analyst sees 10x EV/EBITDA, which compares company value to operating profit, and a 9% free cash flow yield as attractive.

Analyst inference

What to watch

1. TD Cowen set a $52.00 price target, implying 15.0% upside from the October 26 close of $45.21, and maintained its Buy rating on the stock. Confirmed
2. Watch whether Hinge keeps growing toward the projected 31% of revenue by 2028, since that forecast underpins the analyst's positive view on future revenue. Proposed
3. Track Match Group's earnings per share growth near the projected 13% yearly pace from 2026 to 2031, because slower profit growth would weaken the case for the Buy rating. Analyst inference

Evidence

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