Could Match Group Be a Millionaire Maker Stock?
Match Group (NASDAQ: MTCH) has been a robust growth stock since its IPO in 2015. The parent company of Tinder, OKCupid, and other popular dating apps went public at $12 per share, and the stock surged seven-fold to a high of over $90 earlier this year.
Match impressed investors with its first-mover advantage in the online dating market, its diverse portfolio of market-leading apps, and its steady stream of high-margin subscription revenue. Its stock dipped during the coronavirus-induced sell-off, but shares are still up 30% over the past 12 months as the S&P 500 slipped 6%. That resilience is impressive, but can Match withstand the incoming macro headwinds and deliver millionaire-making returns?
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Source Fool.com
