Citigroup Maintains Buy on Bumble, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ygal Arounian maintains a Buy rating on Bumble (NASDAQ:BMBL) but lowers the price target from $14 to $12.

July 15, 2024 | 2:27 pm
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NEUTRAL IMPACT
Citigroup analyst Ygal Arounian maintains a Buy rating on Bumble but lowers the price target from $14 to $12.
The Buy rating suggests continued confidence in Bumble's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100