On Nov 08, major Wall Street analysts update their ratings for $Bumble (BMBL.US)$, with price targets ranging from $8 to $10.
Goldman Sachs analyst Alexandra Steiger maintains with a buy rating, and adjusts the target price from $18 to $10.
Citi analyst Ygal Arounian maintains with a hold rating, and adjusts the target price from $6 to $8.
Wells Fargo analyst Ken Gawrelski maintains with a hold rating, and adjusts the target price from $10 to $8.
Evercore analyst Jian Li initiates coverage with a hold rating, and sets the target price at $8.
Loop Capital analyst Laura Champine maintains with a buy rating, and maintains the target price at $10.
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, though the outcome of its strategic initiatives is still uncertain at this stage. Visibility into the timing and success of these initiatives remains elusive. There is an acknowledgment of the management's prompt execution, yet the online dating sector continues to face persistent secular challenges.
Bumble's Q3 results exceeded expectations in terms of revenue, users, and EBITDA, yet the Q4 guidance was somewhat conservative. It is argued that the company's ongoing refresh initiatives are anticipated to gradually contribute to significant revenue expansion over time.
Here are the latest investment ratings and price targets for $Bumble (BMBL.US)$ from 7 analysts:
Note:
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