Wells Fargo lowered the firm’s price target on Bumble (BMBL) to $5 from $5.50 and keeps an Equal Weight rating on the shares. The firm highlights stronger Q4/Q1 EBITDA driven by alternative payments and reduced marketing. Wells sees increased prioritization around new product launches, coupled with marketing spend, as potential levers to drive revenue growth in 2027. The firm awaits early results in the second half of 2026.
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