Keybanc Maintains Overweight on Bumble, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Justin Patterson maintains an Overweight rating on Bumble (NASDAQ:BMBL) but lowers the price target from $20 to $18.
February 28, 2024 | 10:03 am
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Keybanc maintains an Overweight rating on Bumble but lowers the price target from $20 to $18.
While the reduction in price target from $20 to $18 by Keybanc suggests a slight adjustment in valuation expectations, the maintenance of an Overweight rating indicates continued confidence in Bumble's fundamentals and growth prospects. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the analyst's ongoing bullish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100