Evercore ISI Upgrades Match Group Price Target to $53

Evercore ISI upgraded its outlook on Match Group from In Line to Outperform, raising the company's price target by 36% to $53. This new target represents a 23% premium over the previous closing price.

Analysts led by Robert Coolbirth based the upgrade on the increasing popularity of Tinder, noting positive trends in the online dating sector. The firm cited specific drivers including Tinder's user growth, higher survey usage, and positive internal company data.

As a result of these trends, Evercore raised its payer growth projection for Tinder to 3.8%. The firm also increased its fiscal year 2027 revenue forecast for Match Group to $3.738 billion and adjusted EBITDA to $1.463 billion, both of which exceed current industry consensus.