Match Group MTCH is finally at an attractive valuation with ~13 P/E after a stunning rise that started in 2017. The amount of data this company has on its users in such a particular niche will be highly valuable as the world moves toward AI and AI matchmaking. Once large investors realize this, I (personally) feel this stock will 3x or more in the coming 2-5 years. However, it could be a bumpy road to get there since right now earnings growth is stagnant.
From a technical analysis perspective, the price was approaching its historical overall simple moving average (SMA, green and white lines). Typically, the closer the price gets to this SMA, there a jump to touch it and consolidate. After the most recent earnings drop, I believe it may be priming / consolidating itself further for a move up (although a dip to $25-$26 wouldn't surprise me). Thus, at $32.00, MTCH is in a personal buy zone.
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