Deutsche Bank analyst Benjamin Black CFA maintains $Bumble (BMBL.US)$ with a hold rating, and adjusts the target price from $11 to $8.
According to TipRanks data, the analyst has a success rate of 61.6% and a total average return of 20.0% 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 forecasts were deemed 'good enough,' although the outcome and success rate of its strategic initiatives are yet to be determined with clarity. It is acknowledged that management's early execution is promising, but the broader online dating sector continues to face persistent secular challenges.
Bumble's Q3 performance exceeded expectations in terms of revenue, user base, and EBITDA, with the subsequent Q4 guidance falling a bit short. It is suggested that while a refresh is underway, it may require some time before it significantly contributes to revenue enhancement.
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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