5 Stocks That Will Double in 2024

2. Match Group, Inc. (NASDAQ:MTCH)

Number of Hedge Fund Holders: 47

Match Group, Inc. (NASDAQ:MTCH) is a Texas-based company that provides dating products and has around 45 brands, including Tinder, Match.com, Meetic, OkCupid, Hinge, etc.

On January 31, Match Group, Inc. (NASDAQ:MTCH) announced that its board authorized a new buyback program of $1.0 billion. The company further mentioned that it plans on returning half of the free cash flow to the shareholders in 2024.

On January 30, Match Group, Inc. (NASDAQ:MTCH) announced its Q4 GAAP EPS of $0.81, topping the estimates by $0.32. The revenue of $866.23 million grew 10.2% YoY, which beat the estimates by $4.94 million.

21 Wall Street analysts covered Match Group, Inc. (NASDAQ:MTCH) in the past three months, and 14 maintained a Buy rating on the stock. As of the February 23 market close, the average price target of $44.20 represented an upside of 19.91%.

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