Bumble price target lowered to $6 from $8 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Bumble (BMBL) to $6 from $8 and keeps an Equal Weight rating on the shares. The firm is reducing its revenue and EBITDA estimates in FY25 and FY26 to reflect Bumble’s Q4 results and guidance, reflecting what “appears to be a longer and steeper road to recovery,” the analyst tells investors.