B of A Securities Reinstates Neutral on Bumble, Announces $17 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Curtis Nagle has reinstated Bumble (NASDAQ:BMBL) with a Neutral rating and announced a price target of $17.
October 19, 2023 | 2:14 pm
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NEUTRAL IMPACT
Bumble's stock has been reinstated with a Neutral rating by B of A Securities, with a price target of $17.
The reinstatement of Bumble's stock with a Neutral rating by B of A Securities indicates that the firm sees the stock as fairly valued at its current price. The price target of $17 provides a benchmark for investors, but does not necessarily suggest a strong upward or downward movement in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100