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Oppenheimer Reiterates Perform Rating on Rumble, Inc. (RUM)

March 28, 2024 3:33 PM EDT

Oppenheimer analyst Jason Helfstein reiterated a Perform rating and {REMOVEPT} price target on Rumble, Inc. (NASDAQ: RUM).

The analyst commented, "While MAUs growing, engagement and monetization were weaker than expected, offset by content/opex moderation, resulting in higher EBITDA/FCF.... More