Some Traders Are Very Bullish on Match Group, Inc. (MTCH) After Forming Multiple Top

June 16, 2018 - By Dolores Ford

The stock of Match Group, Inc. (MTCH) shows a multiple tops pattern with $46.41 target or 8.00 % above today’s $42.97 share price. The 5 months chart pattern indicates low risk for the $11.93B company. It was reported on Jun, 16 by Finviz.com. If the $46.41 price target is reached, the company will be worth $954.16M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 1.08% or $0.47 during the last trading session, reaching $42.97. About 1.33M shares traded. Match Group, Inc. (NASDAQ:MTCH) has risen 115.23% since June 16, 2017 and is uptrending. It has outperformed by 102.66% the S&P500.

Analysts await Match Group, Inc. (NASDAQ:MTCH) to report earnings on August, 7. They expect $0.31 EPS, up 138.46 % or $0.18 from last year’s $0.13 per share. MTCH’s profit will be $86.05 million for 34.65 P/E if the $0.31 EPS becomes a reality. After $0.22 actual EPS reported by Match Group, Inc. for the previous quarter, Wall Street now forecasts 40.91 % EPS growth.

More notable recent Match Group, Inc. (NASDAQ:MTCH) news were published by: 247Wallst.com which released: “Short Sellers Can’t Make Up Their Minds on Social Media Stocks” on June 12, 2018, also Nasdaq.com with their article: “Detailed Research: Economic Perspectives on Och-Ziff Capital Management Group, Axalta Coating, Trinity Industries …” published on June 13, 2018, Nasdaq.com published: “Do Match Investors Need to Worry About Facebook?” on May 20, 2018. More interesting news about Match Group, Inc. (NASDAQ:MTCH) were released by: Fool.com and their article: “Why Match Group Stock Lost 13% in May” published on June 08, 2018 as well as Nasdaq.com‘s news article titled: “Microsoft and Intel to Enhance Self-Driving With Mapbox Maps” with publication date: May 31, 2018.

Match Group, Inc. provides dating products. The company has market cap of $11.93 billion. The firm operates in two divisions, Dating and Non-dating. It has a 36.38 P/E ratio. It operates a portfolio of approximately 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet, and LoveScout24.

Match Group, Inc. (NASDAQ:MTCH) Ratings Chart

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