Citi raised the firm’s price target on Bumble (BMBL) to $3.90 from $3.80 and keeps a Neutral rating on the shares. The firm says the company’s Q4 results and Q1 outlook were better than expected. It cites Bumble’s improved paying user trends for the target bump.
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Read More on BMBL:
- Bumble: Early Signs of Recovery but Execution Risks Keep Rating at Hold
- Bumble upgraded to Neutral from Underweight at JPMorgan
- Bumble: Neutral Stance Maintained Amid Improving Profits, Ongoing Revenue Declines, and Long-Dated Strategic Relaunch
- Closing Bell Movers: Netscope down 17%, UiPath down 5% on earnings
- Bumble reports Q4 EPS ($4.06) vs 4c last year