Boris Schlossberg, managing director of FX strategy at BK Asset Management, was into Match this Valentine's Day.
, managing director of FX strategy at BK Asset Management, was into Match this Valentine's Day.," "but I am a bull on Match because a long on Match is really a long on Tinder, and Tinder is the de facto standard in online dating."
Match Group has climbed more than 3% over the past week, including a nearly 1% increase on Tuesday, after a rough month for the name. Shares are down nearly 15% in the past month. But, Schlossberg said you need to look broadly at what the company can do to recognize its full potential. Match has 50% revenue exposure in the U.S., but its overseas presence delivers the most growth. In Germany, revenue is growing 12% year over year, the U.K. has 7% sales growth and the Netherlands is up 13%. Emerging markets currently make up just 3% of revenue.
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