Bumble price target raised to $7 from $5 at Susquehanna

Susquehanna raised the firm’s price target on Bumble (BMBL) to $7 from $5 and keeps a Neutral rating on the shares. The firm said the company continues to face headwinds as it executes its quality-first strategy, but it has made meaningful progress on the cost-reduction side. While management remains optimistic on its vision, it’s still early and will take time for this to play out.