RBC Capital Reiterates Outperform on Bumble, Maintains $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson has reiterated an Outperform rating on Bumble (NASDAQ:BMBL) and maintained a $16 price target.

February 28, 2024 | 3:03 pm
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RBC Capital maintains an Outperform rating and a $16 price target on Bumble.
The reiteration of an Outperform rating and maintenance of a $16 price target by a reputable analyst like Brad Erickson from RBC Capital could instill confidence among investors and potentially lead to a positive short-term impact on Bumble's stock price. Analyst ratings and price targets are significant indicators for investors, and positive reaffirmations can lead to increased investor interest and potentially higher stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100