Match Group Inc (NASDAQ:MTCH) reported strong first-quarter results, despite headwinds. However, management guided to second-quarter revenue growth of 4%-5%, below Street expectations, and projected fiscal 2022 revenue growth towards the lower end of the previous guidance range of 15%-20%, with the outlook being impacted by currency exchange rates, the macro environment and app store policy changes, according to Wells Fargo.
The Match Group Analyst: Brian Fitzgerald upgraded the rating for Match Group from Equal Weight to Overweight, while lowering the price target from $140 to $115.
