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Evercore Lifts Match Group Rating as Online Dating Trends Improve

The firm moved the stock from In Line to Outperform, citing Tinder's growing popularity.

A smartphone rests on a red ramp under a spotlight. / TokenPost.ai
A smartphone rests on a red ramp under a spotlight. / TokenPost.ai

Evercore ISI upgraded Match Group to Outperform from In Line, pointing to Tinder's rising popularity and improving trends across online dating as the basis for its more favorable rating.

The decision brings Tinder, Match Group's dating service, into focus as a factor in the firm's improved view. Evercore cited the service's popularity alongside broader online-dating trends.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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