Goldman Sachs Maintains Buy on Bumble, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexandra Steiger maintains a Buy rating on Bumble (NASDAQ:BMBL) but lowers the price target from $18 to $15.
May 09, 2024 | 12:38 pm
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Goldman Sachs maintains a Buy rating on Bumble but reduces the price target from $18 to $15.
While the maintenance of a Buy rating by Goldman Sachs indicates continued confidence in Bumble's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook suggests any impact might be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100