Susquehanna lowered the firm’s price target on Bumble (BMBL) to $4.50 from $7 and keeps a Neutral rating on the shares. The firm said its business continues to remain challenged as the company works on its quality-first strategy and broader product revamp. While management remains optimistic on its vision, it’s still early and will take time for this to play out.
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Read More on BMBL:
- Bumble’s Mixed Prospects: Hold Rating Amid Trust Challenges and Future Growth Opportunities
- Bumble price target lowered to $5 from $6.50 at UBS
- Bumble’s Strategic Shift Amid Revenue Challenges
- Bumble price target lowered to $5 from $7 at Evercore ISI
- Bumble price target lowered to $3.50 from $5 at BofA