Morgan Stanley Maintains Equal-Weight on Bumble, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Nathan Feather maintains an Equal-Weight rating on Bumble (NASDAQ:BMBL) but lowers the price target from $12 to $6.

August 08, 2024 | 11:18 am
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NEGATIVE IMPACT
Morgan Stanley analyst Nathan Feather maintains an Equal-Weight rating on Bumble but significantly lowers the price target from $12 to $6.
The significant reduction in the price target from $12 to $6 by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and could lead to a short-term decline in Bumble's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100