Piper Sandler analyst Matthew Farrell CFA maintains $Bumble (BMBL.US)$ with a hold rating, and adjusts the target price from $13 to $8.
According to TipRanks data, the analyst has a success rate of 40.4% and a total average return of -3.7% 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 third-quarter results and fourth-quarter guidance were deemed satisfactory, but the company's strategic initiatives are in the nascent stages, with uncertain outcomes regarding their success. It is acknowledged that the management's early execution is promising, yet it's also noted that persistent secular challenges continue to confront the online dating industry.
Bumble's reported Q3 revenue, user base, and EBITDA surpassed expectations, yet the guidance for Q4 was modestly below anticipations. The analyst believes that while a refresh is underway, it may take time before it significantly contributes to 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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