Bumble price target lowered to $6.80 from $8 at Citi

Citi lowered the firm’s price target on Bumble (BMBL) to $6.80 from $8 and keeps a Neutral rating on the shares post the Q4 report. The firm says this was another, and larger, reset quarter with Q1 guided below estimates, no fiscal 2025 guidance, and margin compression in 2025, “indicating more work is needed for a successful turnaround.” Trends are worse at Bumble now two full quarters past its initial strategic reset, the analyst tells investors in a research note. Citi sees few near-term catalysts with better fundamentals needed to unlock value in the shares.