JP Morgan Maintains Overweight on Bumble, Lowers Price Target to $20
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 $24 to $20.

November 08, 2023 | 8:08 pm
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JP Morgan has maintained an Overweight rating on Bumble, indicating a positive outlook, but lowered the price target from $24 to $20, which may cause some short-term uncertainty.
The Overweight rating indicates that JP Morgan believes Bumble will outperform the market, which is positive for the stock. However, the lowering of the price target could create some short-term uncertainty among investors, potentially leading to volatility in the stock price.
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