Internet dating could possibly be well worth $12 billion — and it is all because of Tinder, analyst says (MTCH)
- Match Group is rallying Friday after having a Wall Street analyst established protection by having a price that is bullish of $66 — 28% above where stocks settled Thursday.
- Nomura Instinet states the sector that is online-dating be worth $12 billion by 2020.
- Nomura claims it is concerned about Twitter’s foray into dating either, and claims Match keeps competition from increasing by buying down rivals, like its Hinge purchase come july 1st.
- Follow Match Group’s stock cost in real-time here
Wall Street thinks internet dating will be the next hot sector, while the latest estimate views industry growing to $12 billion by 2020.
All of it boils down to individuals’ increasing willingness to experience online dating sites, Mark Kelley, an analyst with Nomura Instinet, stated in a note to consumers Friday.