Bumble downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs downgraded Bumble (BMBL) to Neutral from Buy with a price target of $7, down from $8. The stock’s risk/reward is more balanced at current levels, the analyst tells investors in a research note. Visibility into a turnaround of the company’s core Bumble app remains low until at least mid-2026, the analyst tells investors in a research note. Goldman does not expect improvements in Bumble’s user numbers will occur in the near-term as its broader trust and safety initiatives and improving the quality of the overall user base will take longer to play out.