JPMorgan upgraded Bumble (BMBL) to Neutral from Underweight without a price target The company’s Q4 results and Q1 outlook were better than expected, the analyst tells investors in a research note. The firm says Bumble pointed out that the heavy lift from its member quality reset was behind the company. Bumble app registrations and active users are stable year-to-date and net add trends expected to improve going forward, contends JPMorgan.
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Read More on BMBL:
- 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
- Bumble sees Q1 revenue $209M-$213M, consensus $210.67M
- Bumble options imply 13.2% move in share price post-earnings