Keybanc Maintains Overweight on Bumble, Lowers Price Target to $24
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Justin Patterson maintains an Overweight rating on Bumble (NASDAQ:BMBL) but lowers the price target from $25 to $24.

August 14, 2023 | 8:07 am
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Keybanc analyst maintains Overweight rating on Bumble but lowers the price target from $25 to $24.
The news is directly related to Bumble and is likely to influence investor sentiment. While the Overweight rating suggests that the analyst believes the stock will outperform its peers, the lowering of the price target may create some negative sentiment. However, as the reduction is relatively small, the overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100