JPMorgan analyst Cory Carpenter downgraded Match Group (MTCH) to Neutral from Overweight, lowering the price target to $33 from $40. The downgrade reflects muted growth expectations for the online dating industry in 2025 and Tinder’s slower-than-expected turnaround. While downside risk is limited, Tinder’s revenue and users are expected to decline before improving, with growth not anticipated until 2027.
Super Micro Computer Inc. (SMCI) shares are plummeting on Wednesday after the company reported weaker-than-expected preliminary financial results, a business update regarding the resignation of its auditor, Ernst & Young (EY), and a downgrade from JPMorgan. The company’s revenue and earnings projections for the first and second quarters fell short of previous estimates, and it remains unclear when it will file its annual report.
