2024-04-02 13:48:15 ET
Summary
- Match Group, Inc. is recommended as a Buy, with a valuation of less than 10x free cash flow.
- The decline in Americas payers raises concerns for Match Group, but the company's commitment to returning over 50% of free cash flows to shareholders and a sustainable $1.1 billion free cash flow estimate for 2024 support robust capital returns.
- Expectations of 7-9% y/y growth in revenue and bottom line, along with a 5% boost from share repurchases, contribute to a bullish outlook and potential re-rating to 15x forward free cash flow.
Investment Thesis
Match Group, Inc. ( MTCH ) is a stock that I recommend buying into right now. I recommended this stock to offer diversification and protection from high-beta stocks in my portfolio....
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Match Group: One Of The Cheapest Stocks Out Here, I'm Buying (Rating Upgrade)