Match
Online dating company Match Group Inc. (NASDAQ: MTCH) has seen its share price plummet by nearly 50% over the past 12 months. The stock’s 52-week high was posted in late October, and the stock is down 55% since. Shares got a bit of a jolt last week following speculation that the company and its dating sites (Tinder, OkCupid and OurTime, among them) could be picked up by Meta Platforms. Dating in the metaverse could be a real winner. Stranger things have happened.
Of 24 analysts covering the stock, 21 have a Buy or Strong Buy rating and the rest have Hold ratings. At a share price of around $78.90, the upside potential based on a median price target of $144 is 82.5%. At the high target of $175, the upside potential is nearly 122%.
First-quarter revenue is forecast at $795.03 million, down 1.4% sequentially but 19.1% higher year over year. The company is expected to report EPS of $0.49, sharply better than the loss of $0.47 per share in the prior quarter and down 35% year over year. For the full 2022 fiscal year, analysts are currently estimating EPS of $2.63, up 76.8%, on sales of $3.53 billion, up 18.3%.
Match Group stock trades at 30.3 times expected 2022 EPS, 23.9 times estimated 2023 EPS of $3.34 and 20.1 times estimated 2024 earnings of $3.97 per share. The stock’s 52-week range is $76.26 to $182.00. Lyft does not pay a dividend. Total shareholder return for the past 12 months was negative 48.7%.
Starbucks
Starbucks Corp. (NASDAQ: SBUX) posted a 52-week high in late July. Since then, the shares have dropped by about 40%. For the past 12 months, shares are down 33.6%. Founder and former CEO Howard Schultz returned in April as the company’s interim CEO following Kevin Johnson’s retirement. Schultz canceled plans for a $20 billion share buyback program, saying that using the money to invest in employees and stores would create more long-term value for shareholders. That does not include opening his arms to unionization efforts. The stock put up a 52-week low last Friday.
Analyst sentiment is mixed on the stock, with 18 of 35 putting a Hold rating on the stock and 17 having a Buy or Strong Buy rating. At a share price of around $74.60, the upside potential based on a median price target of $105 is 40.8%. At the high price target of $136, the upside potential is 82.3%.
For the company’s second quarter of fiscal 2022, analysts are expecting revenue of $8.05 billion, down 5.5% sequentially and up by 19.3% year over year. Adjusted EPS are pegged at $0.72, down 17.3% sequentially and up 11% year over year. For the 2022 fiscal year, current estimates call for EPS of $3.24, flat with 2021 EPS, on sales of $32.63 billion, up 12.3%.
Starbucks stock trades at a multiple of 23.1 times expected 2022 EPS, 20.0 times estimated 2023 earnings of $3.74 and 17.6 times estimated 2024 earnings of $4.25 per share. The stock’s 52-week range is $74.48 to $126.32. Starbucks pays an annual dividend of $1.96 (yield of 2.63%). Total shareholder return for the past year was negative 33.6%.
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