Bumble shares are trading lower after the company reported Q2 financial results and issued guidance for Q3 and FY23. Additionally, RBC Capital and Raymond James lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Bumble's shares are trading lower following the release of its Q2 financial results and future guidance for Q3 and FY23. RBC Capital and Raymond James have also reduced their price targets for the stock.
August 09, 2023 | 3:22 pm
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Bumble's stock is trading lower due to disappointing Q2 results and future guidance. The stock's price targets have been lowered by RBC Capital and Raymond James.
Bumble's Q2 financial results and future guidance for Q3 and FY23 were not as expected, leading to a drop in the stock price. Additionally, lowered price targets by RBC Capital and Raymond James indicate a bearish outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100