JP Morgan Maintains Overweight on Bumble, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Cory Carpenter maintains an Overweight rating on Bumble (NASDAQ:BMBL) but lowers the price target from $20 to $17.

February 28, 2024 | 2:55 pm
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JP Morgan maintains an Overweight rating on Bumble but lowers the price target from $20 to $17.
While the reduction in price target could suggest a more cautious outlook on Bumble's short-term price performance, the maintenance of an Overweight rating indicates a continued positive long-term view on the company's fundamentals. This mixed signal might lead to neutral short-term price movement as investors digest both the positive and negative aspects of the analyst's view.
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IMPORTANCE 80
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