Match Group shares are set to pop as Tinder recovers, according to BTIG.
"Tinder hit a wall last year," with growth slowing into 2023, analyst Jake Fuller said.
"MTCH pointed to execution issues and lack of product innovation, which led to a revamping of the Tinder team.
Management's current-quarter guidance also came above analyst estimates.
The analyst noted that Tinder is showing an improving trend in its daily new users numbers and reactivation trend.
Persons:
Tinder, Jake Fuller, Fuller, Management's, — CNBC's Michael Bloom