Wells Fargo analyst Ken Gawrelski raised the firm's price target on Match Group to $41 from $38 and keeps an Equal Weight rating on the shares. Tinder trends continue to improve, especially in the U.S., the firm notes. Hinge engagement has reaccelerated exiting Q2, allaying fears of Tinder cannibalization and Azar is stabilizing, albeit at lower levels post iOS store removal. Wells is expecting another strong quater.
