BofA lowered the firm’s price target on Bumble (BMBL) to $3.50 from $5 and keeps an Underperform rating on the shares following Q3 results. The firm cites softer payer trends and headcount restructuring in R&D for lowering Q4 estimates on the company. Additionally, BofA lowered its price target on Bumble due to near-term headwinds to topline growth.
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