Susquehanna lowered the firm’s price target on Bumble (BMBL) to $6 from $8 and keeps a Neutral rating on the shares. The firm said Bumble continues to face growth headwinds as it focuses on turning the business around, and it may take a while to execute on its product roadmap. While management remains optimistic on this vision, it’s still early and will take time for this to play out.
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