BUZZ-Match Group down as JPM downgrades to 'neutral'

Reuters12-18

** Shares of Tinder-parent Match Group MTCH.O fall 1.3% to $31.18 in premarket trading

** J.P.Morgan downgrades MTCH stock to "neutral" from "overweight" as brokerage sees limited visibility in the timing and magnitude of the Tinder turnaround

** "Global online dating spend remained stagnant in 2024, and we expect muted growth to persist in 2025" - JPM

** JPM says revenue to decline for Tinder and Bumble BMBL.O in 2025, with Tinder not expected to return to growth until 2027

** Brokerage says industry consolidation is a real possibility in the not too distant future, while being skeptical on the potential of taking the companies private

** 13 of 27 brokerages rate the stock "buy" and 14 "hold"; their median PT is $35.5

** Up to last close, stock had fallen 13.5% this year

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492088900?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-18 20:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492088900","market":"us","top_or_hot":-1,"title":"BUZZ-Match Group down as JPM downgrades to 'neutral'","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Match Group down as JPM downgrades to 'neutral'</title></head><body><p>** Shares of Tinder-parent Match Group <span>MTCH.O</span> fall 1.3% to $31.18 in premarket trading</p><p>** J.P.Morgan downgrades MTCH stock to \"neutral\" from \"overweight\" as brokerage sees limited visibility in the timing and magnitude of the Tinder turnaround</p><p>** \"Global online dating spend remained stagnant in 2024, and we expect muted growth to persist in 2025\" - JPM</p><p>** JPM says revenue to decline for Tinder and Bumble <span>BMBL.O</span> in 2025, with Tinder not expected to return to growth until 2027</p><p>** Brokerage says industry consolidation is a real possibility in the not too distant future, while being skeptical on the potential of taking the companies private</p><p>** 13 of 27 brokerages rate the stock \"buy\" and 14 \"hold\"; their median PT is $35.5</p><p>** Up to last close, stock had fallen 13.5% this year</p><p> (Reporting by Kritika Lamba in Bengaluru)</p><p> ((Kritika.Lamba@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Match Group down as JPM downgrades to 'neutral'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Match Group down as JPM downgrades to 'neutral'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 20:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241218:nL4N3NJ0T8:1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BUZZ-Match Group down as JPM downgrades to 'neutral'** Shares of Tinder-parent Match Group MTCH.O fall 1.3% to $31.18 in premarket trading** J.P.Morgan downgrades MTCH stock to \"neutral\" from \"...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241218:nL4N3NJ0T8:1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BMBL","symbol_name":"Bumble Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241218:nL4N3NJ0T8:1","article_id":"2492088900","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492088900","pubTimestamp":1734525869,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Match Group down as JPM downgrades to 'neutral'** Shares of Tinder-parent Match Group MTCH.O fall 1.3% to $31.18 in premarket trading** J.P.Morgan downgrades MTCH stock to \"neutral\" from \"overweight\" as brokerage sees limited visibility in the timing and magnitude of the Tinder turnaround** \"Global online dating spend remained stagnant in 2024, and we expect muted growth to persist in 2025\" - JPM** JPM says revenue to decline for Tinder and Bumble BMBL.O in 2025, with Tinder not expected to return to growth until 2027** Brokerage says industry consolidation is a real possibility in the not too distant future, while being skeptical on the potential of taking the companies private** 13 of 27 brokerages rate the stock \"buy\" and 14 \"hold\"; their median PT is $35.5** Up to last close, stock had fallen 13.5% this year  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"BMBL":"Bumble Inc.","MTCH":"Match Group, Inc.","BX":"黑石"},"translate_title":"摩根大通将评级下调至“中性”，BUZZ-Match Group股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BMBL":0.9,"BX":0.9,"MTCH":0.9},"content_text":"BUZZ-Match Group down as JPM downgrades to 'neutral'** Shares of Tinder-parent Match Group MTCH.O fall 1.3% to $31.18 in premarket trading** J.P.Morgan downgrades MTCH stock to \"neutral\" from \"overweight\" as brokerage sees limited visibility in the timing and magnitude of the Tinder turnaround** \"Global online dating spend remained stagnant in 2024, and we expect muted growth to persist in 2025\" - JPM** JPM says revenue to decline for Tinder and Bumble BMBL.O in 2025, with Tinder not expected to return to growth until 2027** Brokerage says industry consolidation is a real possibility in the not too distant future, while being skeptical on the potential of taking the companies private** 13 of 27 brokerages rate the stock \"buy\" and 14 \"hold\"; their median PT is $35.5** Up to last close, stock had fallen 13.5% this year (Reporting by Kritika Lamba in Bengaluru) ((Kritika.Lamba@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492088900"}