By Sam Boughedda
Investing.com — Online dating firms Match Group Inc (NASDAQ:) and Bumble Inc (NASDAQ:) drew an enhance by Goldman Sachs to buy from neutral.
Shares of Match rose 1% on Thursday even though shares of Bumble were being flat.
Analyst Alexandra Steiger trimmed the selling price focus on of equally, Bumble to $54 per share from $57 and Match to $157 from $162.
The re-scores were being portion of a broader exploration notice on the online courting marketplace, with Steiger telling traders that each firms are “effectively-positioned to reward from a variety of structural business tailwinds in the several years ahead.”
“Match Team & Bumble have underperformed the S&P 500 in ’21 and we see the existing valuation as an beautiful entry place into a multi-yr compounded progress tale.”
Nonetheless, the analyst additional that despite the fact that the present-day valuations are desirable, there may well need to have to be a larger diploma of “hazard-on” trader habits for superior inventory overall performance amounts.
In addition to the optimistic score by Goldman, Piper Sandler initiated Bumble with a neutral ranking and Match group with an chubby ranking.