ET 05:52

Top 3 Internet Stocks: EA, RELY Highlight; MTCH Cautious Take on NASDAQ:MTCH, EA, RELY

[The Lead] NASDAQ:MTCH, Electronic Arts (EA), and Remitly (RELY) dominate this week’s focus. While the broader internet sector has declined 17.8% over six months versus the S&P 500’s 8.4% gain, three stocks stand out with potential for outperformance: EA, RELY, and a cautious view on MTCH. [Body] Electronic Arts (NASDAQ:EA) trades at $197.99/share, implying a 16.1x forward EV/EBITDA. Remitly (NASDAQ:RELY) is at $12.81/share, or 8.5x forward EV/EBITDA. Match (NASDAQ:MTCH) is at $30.80/share with an 8.2x forward EV/EBITDA, but its valuation exceeds our quality threshold. MTCH, EA, and RELY each offer distinct growth narratives in online gaming, global payments, and dating platforms. Investors should consider initiating or maintaining positions in the latter two while treating MTCH with caution due to its high multiple and recent underperformance.]

EditorJack Lee