Bumble to cut about 350 roles, forecasts weak first-quarter revenue

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Bumble Inc. (BMBL) PT Lowered to $14 at Citi

February 28, 2024 7:00 AM EST

Citi analyst Ygal Arounian lowered the price target on Bumble Inc. (NASDAQ: BMBL) to $14.00 (from $16.00) while maintaining a Buy rating.

The analyst comments "Bumble reported lower than expected 4Q23 results, with 1Q24 and FY24 revenue outlooks well-below expectations. While the... More