Bumble price target lowered to $6 from $7 at Stifel

Stifel lowered the firm’s price target on Bumble (BMBL) to $6 from $7 and keeps a Hold rating on the shares. The company reported a slightly better Q4, but guided Q1 below the Street as Bumble continues to work through management turnover and a broad-ranging app refresh, the analyst tells investors in a post-earnings note. A healthier ecosystem that looks to prioritize safety and authenticity should be a central focus for every company in the category, but these shared priorities will “increasingly make it difficult for dating apps to differentiate their offerings going forward,” the analyst argues.