BARRONS - Oct 12 - Match Group shares rocketed higher on Wednesday, despite an analyst's view that the stock is now priced appropriately. Goldman Sachs analyst Christopher Merwin sees potential in new video features that are set to roll out soon. That said, he thinks that the company's investments could weigh on its profits going forward. Those video features may boost engagement on Match and other legacy dating sites, but they also could boost the company's server costs. Match shares were up 3.6% Wednesday. The stock has jumped ~50% since the start of the year.
by Emily Bary
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