Is Match Group Stock (NASDAQ:MTCH) the Perfect Match for Your Portfolio?
Shares of dating platform service provider Match Group (NASDAQ:MTCH) have been under considerable selling pressure for nearly a year now, down more than 66% from its peak just shy of $170 per share. At $56 and change, Match Group seems like it could be a great match for dip buyers. Still, with weak Q2 results in the books, a lack of catalysts, and a suspect valuation, I''d much rather side on the sidelines. Though the portfolio of dating sites is well-established, with a bit of a moat, I remain neutral on the stock.
Is Match Group Stock (NASDAQ:MTCH) the Perfect Match for Your Portfolio?
Shares of dating platform service provider Match Group (NASDAQ:MTCH) have been under considerable selling pressure for nearly a year now, down more than 66% from its peak just shy of $170 per share. At $56 and change, Match Group seems like it could be a great match for dip buyers. Still, with weak Q2 results in the books, a lack of catalysts, and a suspect valuation, I''d much rather side on the sidelines. Though the portfolio of dating sites is well-established, with a bit of a moat, I remain neutral on the stock.