Bumble Inc. (BMBL) PT Raised to $74 at Cowen

March 11, 2021 6:38 AM EST
Get Alerts BMBL Hot Sheet
Price: $55.31 -0.41%

Rating Summary:
    8 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 13 | New: 52
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Cowen analyst John Blackledge raised the price target on Bumble Inc. (NASDAQ: BMBL) to $74.00 (from $70.00) while maintaining an Outperform rating.

The analyst commented, "BMBL 4Q results were a touch ahead on revenue, driven by paying user growth of +32% (roughly in line), while EBITDA was close to in-line given one-time IPO costs. Bumble segment ARPPU also came in ahead, and the company provided 1Q / FY21 guide that was slightly better vs. our est's, reflecting a likely pandemic recovery & pent-up WW demand. Reiterate Outperform, PT to $74. Stock is +5% AH."

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