Morgan Stanley analyst Nathan Feather raised the firm’s price target on Bumble (BMBL) to $4 from $3.50 and keeps an Equal Weight rating on the shares. With the 2025 quality reset largely complete, Bumble app registrations and active users have started to stabilize and financials “seem to be reaching a trough,” the analyst tells investors following the company’s Q4 report.
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Read More on BMBL:
- Bumble: Signs of Stabilization but High Execution Risk Keep Rating at Hold
- Bumble price target raised to $3.90 from $3.80 at Citi
- 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
