JP Morgan Maintains Overweight on Bumble, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Cory Carpenter has maintained an Overweight rating on Bumble (NASDAQ:BMBL) but lowered the price target from $25 to $24.
September 13, 2023 | 1:29 pm
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NEUTRAL IMPACT
JP Morgan has maintained an Overweight rating on Bumble but lowered 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 is positive, the reduction in price target might create some uncertainty. However, as the reduction is minimal, the overall impact is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100