Match Group (MTCH) traded lower Thursday, down about 3%, after a new analyst note from Morgan Stanley reduced its price target to $35 from $37 while maintaining an Equal Weight rating. The note highlighted that while Tinder’s FY26 revenue outlook was better than feared and leading indicators are improving, the company’s turnaround efforts have not yet delivered a decisive inflection, keeping confidence in the timing and scale of a rebound in check. (tipranks.com)

The selloff reflects a familiar push-pull in the MTCH story: incremental signs of progress at Tinder versus lingering doubts that product and monetization changes will translate quickly into sustained user and revenue momentum. With the stock near the mid-$30s, a trimmed target close to the current price reinforces a cautious stance and can pressure near-term positioning. (tipranks.com)

Investors will likely focus on whether Tinder engagement and revenue trends show clearer acceleration over the next several months, and whether management can demonstrate that product initiatives are converting into measurable performance improvements. Additional analyst actions and broader risk appetite for consumer-internet names could also influence MTCH’s trading as the market reassesses the probability and timeline of a meaningful Tinder recovery. (tipranks.com)