RBC Capital analyst Brad Erickson maintains $Bumble (BMBL.US)$ with a buy rating, and maintains the target price at $8.
According to TipRanks data, the analyst has a success rate of 55.1% and a total average return of 20.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bumble (BMBL.US)$'s main analysts recently are as follows:
Bumble's 'good enough' Q3 results and Q4 forecasts are recognized, although it's acknowledged that the company's strategic initiatives are in the preliminary stages, and there's a lack of clarity on the timeline and potential success. It's noted with optimism that management is taking initial execution steps, however, there are still persistent secular challenges facing the online dating industry.
Bumble's Q3 performance surpassed expectations in terms of revenue, users, and EBITDA, while its Q4 projections were somewhat conservative. It is posited that the company's relaunch will require time before it significantly impacts revenue expansion.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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