Raymond James Maintains Outperform on Bumble, Lowers Price Target to $22
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Andrew Marok has maintained an 'Outperform' rating on Bumble (NASDAQ:BMBL), but lowered the price target from $25 to $22.
August 09, 2023 | 11:45 am
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Bumble's price target has been lowered from $25 to $22 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on Bumble's stock price in the short term. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside in the stock, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100