Sam Boughedda

Investing.com — The shares of Match Group Inc (NASDAQ:) Gained 6.8% Thursday, even though Cowen cut its price target from $150 to $134.

John Blackledge, an analyst, gave the shares an outperform rating. However, he said that macro headwinds could have a negative impact on the stock. 

Blackledge thinks that foreign currency headwinds and Russia-Ukraine conflicts will have an impact on the company’s earnings in the first quarter, which are due next Tuesday. 

On Tuesday, JPMorgan analyst Cory Carpenter cut the price target on Match Group to $135 from $165 based on those same factors. Carpenter does see some relief from strong U.S. and Western European reopenings. 

In 2022, match shares fell more than 30 percent