Match and Bumble’s 80% Stock Plunges Test Analyst Commitment
- Shares see double-digit declines as technology stocks rally
- Majority of analysts continue to hold bullish views on shares
The Bumble logo on a smartphone
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Online dating stocks have mostly been ghosted by this year’s scorching technology rally. Many on Wall Street continue to keep the faith.
Match Group Inc., which owns popular apps including Tinder and Hinge, and Bumble Inc. have seen double-digit declines in 2023 and have shed more than 80% of their value from 2021 peaks. Slowing growth, intensifying competition, and struggles in retaining paid users are among the challenges the industry faces.