Bumble plumbs new low as revenue forecast cut, new strategy trigger turnaround concerns
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Go back to Bumble plumbs new low as revenue forecast cut, new strategy trigger turnaround concerns
August 9, 2024 6:12 AM EDT
Susquehanna analyst Shyam Patil downgraded Bumble Inc. (NASDAQ: BMBL) from Positive to Neutral with a price target of $6.00 (from $14.00).
The analyst comments "Our thoughts. We are downgrading BMBL to Neutral, as the company is once again revamping its strategy and focus... More
August 9, 2024 6:11 AM EDT
Citi analyst Ygal Arounian downgraded Bumble Inc. (NASDAQ: BMBL) from Buy to Neutral with a price target of $6.00 (from $12.00).
The analyst comments "We downgrade BMBL shares to Neutral from Buy after a disappointing outlook stemming from a total rebuild of the... More
August 8, 2024 7:19 AM EDT
Loop Capital analyst Laura Champine lowered the price target on Bumble Inc. (NASDAQ: BMBL) to $10.00 (from $15.00) while maintaining a Buy rating.
The analyst comments "We are reiterating our Buy rating but cutting our price target on Bumble from $15 to $10 today. We're cutting our... More
August 8, 2024 7:13 AM EDT
Citi analyst Ygal Arounian downgraded Bumble Inc. (NASDAQ: BMBL) from Buy to Neutral with a price target of $6.00 (from $12.00).
The analyst comments "We downgrade BMBL shares to Neutral from Buy after a disappointing outlook stemming from a total rebuild of the... More
August 8, 2024 6:43 AM EDT
BTIG analyst Jake Fuller downgraded Bumble Inc. (NASDAQ: BMBL) from Buy to Neutral.
The analyst comments "We downgrade BMBL from Buy to Neutral with a deep cut to estimates with Bumble app payers and revenue expected to go negative in 2H. As we learned... More
