JP Morgan Downgrades Bumble to Neutral, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded Bumble (NASDAQ:BMBL) from Overweight to Neutral and lowered its price target from $17 to $7.
August 08, 2024 | 10:51 am
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NEGATIVE IMPACT
JP Morgan has downgraded Bumble from Overweight to Neutral and significantly lowered the price target from $17 to $7.
The downgrade from Overweight to Neutral and the significant reduction in the price target from $17 to $7 by JP Morgan is likely to negatively impact Bumble's stock price in the short term. This indicates a loss of confidence from a major financial institution.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100