Morgan Stanley Maintains Equal-Weight on Bumble, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak has maintained an Equal-Weight rating on Bumble (NASDAQ:BMBL) and reduced the price target from $17 to $16.

February 28, 2024 | 5:40 pm
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Morgan Stanley has maintained an Equal-Weight rating on Bumble, but lowered the price target from $17 to $16.
The reduction in price target by Morgan Stanley, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Bumble's stock price. The Equal-Weight rating suggests that the analyst sees the company as adequately valued at its current price, but the lowered target indicates a revision of the expected future performance.
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