Keybanc Maintains Overweight on Bumble, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Justin Patterson maintains an Overweight rating on Bumble (NASDAQ:BMBL) but has lowered the price target from $24 to $20.
November 08, 2023 | 12:42 pm
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NEGATIVE IMPACT
Bumble's price target has been lowered from $24 to $20 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in Bumble's stock value in the short term. However, the maintained Overweight rating suggests that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100