Similar Stories to Online Dating Could Be Worth $12 Billion — And It's All Thanks To Tinder, Analyst Says (mtch) on Bing News

grapier@businessinsider.com (Graham Rapier), Business Insider
Sun, 10/21/2018 - 8:30am

Business Insider/Bumble Match Group is rallying Friday after a Wall Street analyst launched coverage with a bullish price target of $66 — 28% above where shares settled Thursday. Nomura Instinet says the online-dating sector could be worth $12 billion by 2020. Nomura says it's worried about Facebook's foray into dating either, and says Match keeps competition at bay by buying out competitors, like its Hinge acquisition this summer.

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