Match Group | MTCH | Long at $32.00Match Group NASDAQ:MTCH is finally at an attractive valuation with ~13 P/E after a stunning rise that started in 2017. The amount of data this company has on its users in such a particular niche will be highly valuable as the world moves toward AI and AI matchmaking. Once large investors realize this, I (personally) feel this stock will 3x or more in the coming 2-5 years. However, it could be a bumpy road to get there since right now earnings growth is stagnant.
From a technical analysis perspective, the price was approaching its historical overall simple moving average (SMA, green and white lines). Typically, the closer the price gets to this SMA, there a jump to touch it and consolidate. After the most recent earnings drop, I believe it may be priming / consolidating itself further for a move up (although a dip to $25-$26 wouldn't surprise me). Thus, at $32.00, NASDAQ:MTCH is in a personal buy zone.
Target #1 - $37.00
Target #2 - $43.00
Target #3 - $50.00
Target #4 - $62.00
Dating
Match Group (MTCH) About to Take OffI generally don't look at 3M charts, nor do I ever have this many indicators on my charts...
BUT they're all aligning - pair that up with an OpenAI partnership and there's no where but up from here.
Match Group is the company behind Tinder, Match, Hinge and a total of 40ish relationship apps - I'll breakdown my theory as simple as possible...
I can realistically see a 10x+ out of this.
AI = Job Cuts = More OF Girls = Bigger Female Egos = Desperate Guys = Pay-to-Date
Then, eventually, the lines between a female and AI will blur...but we have time on that.