Match Group, Inc. : Close to an important medium term support level
Entry price | Target | Stop-loss | Potential |
---|
$70.47 |
$84 |
$64 |
+19.2% |
---|
The selling pressure regarding Match Group, Inc. shares could subside shortly. In fact, the support area that is currently being tested around 65.82 USD has come into play and could, at least in the short term, keep the downside pressure at bay.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● The close medium term support offers good timing for purchasing the stock.
● The prospective high growth for the next fiscal years is among the main assets of the company
● The group's activity appears highly profitable thanks to its outperforming net margins.
● Sales forecast by analysts have been recently revised upwards.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The tendency within the weekly time frame is positive above the technical support level at 57.59 USD
Weaknesses● Based on current prices, the company has particularly high valuation levels.
● With an expected P/E ratio at 38.95 and 36.58 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
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