RBC Capital Maintains Outperform on Bumble, Lowers Price Target to $23
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Brad Erickson has maintained an 'Outperform' rating on Bumble (NASDAQ:BMBL), but lowered the price target from $27 to $23.

August 09, 2023 | 2:51 pm
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NEUTRAL IMPACT
RBC Capital has maintained an 'Outperform' rating on Bumble, but lowered the price target from $27 to $23.
The news is directly related to Bumble and is likely to influence investor sentiment. The 'Outperform' rating suggests that RBC Capital expects Bumble to do better than the market average, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that RBC Capital expects less upside than before. The net impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100