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AI Trading NASDAQ Tue, 21 Feb
Dear Reader,
Today’s featured asset is MTCH: Match Group Inc. According to our AI strategy, if you traded between 2020-07-01 – 2022-11-30, you would have the potential to make a whopping 293.25% return. On average, each trade made a gain of 26.66% and was held in a long position for 49.0 days. Over the period, there were 11.0 trades taken in total.
Our model suggests that MTCH is a STRONGBUY as of 2023-02-17 with a price target of 46.25. This prediction is based on a model with an overall accuracy of 0.63 when predicting a positive trend in the following 2 weeks.
Match Group Inc is a leading provider of online dating products and services. The company operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge. Match Group also owns a majority stake in the South Korean dating app, NoonDate. Match Group’s products are available in more than 45 languages and in over 190 countries, and its services are used by millions of people around the world. Match Group is based in Dallas, Texas and is publicly traded on the Nasdaq stock exchange. The company generates revenue through subscription fees and advertising. Match Group also offers additional services, such as events, coaching, and profile writing, to help its users find compatible matches. The company has a strong focus on innovation and continually looks to introduce new features and products.
The Match Group Inc (MTCH) share price has been on a strong upward trend since November 2020, rising from around $75 per share to over $100 per share. The share price has been supported by strong earnings growth and a strong outlook for the online dating industry. The company has seen strong user growth across its flagship app, Tinder, as well as its other brands such as Hinge and OKCupid. The company has also made a number of strategic acquisitions over the past year, including the purchase of dating app Hinge and the launch of its new video-calling feature, FaceTime. The company has also benefited from strong mobile advertising revenue growth, as well as increasing penetration of its subscription-based services. Overall, the Match Group Inc share price has been on a strong upward trend, and looks set to continue to rise in the coming months.
Match Group Inc is a leading provider of online dating services. The company has seen remarkable growth over the past few years, with revenues growing at an average annual rate of 17.2% between 2016 and 2020. During the same period, profits grew at an average annual rate of 27.8%. This is largely due to the company’s success in growing its user base and its ability to monetize its services.
In 2020, Match Group Inc reported a total revenue of $2.3 billion, a 10.8% increase from 2019. This was largely driven by an increase in its subscription revenue, which accounted for 87% of total revenue. The company’s net income for 2020 was $425 million, a 15.5% increase from 2019. This was mainly driven by its strong user growth, which increased by 11% year-over-year.
Overall, Match Group Inc has demonstrated strong financial performance over the past few years, with strong growth in both revenues and profits. The company has been able to successfully monetize its services and grow its user base, which has translated into higher profits. In addition, the company is well-positioned to capitalize on the growth of online dating as more people turn to digital services for their relationship needs.
| Date | Symbol | Prediction | Model Accuracy | Price Target |
|---|---|---|---|---|
| 2023-02-17 | MTCH | STRONGBUY | 0.63 | 46.2500 |
| 2023-02-02 | MTCH | WEAKBUY | 0.63 | 52.3575 |
| 2023-01-25 | MTCH | MEDIUMBUY | 0.63 | 50.5400 |
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The Third Perspective Team
