These Analysts Slash Their Forecasts On Bumble After Q2 Results
Portfolio Pulse from Avi Kapoor
Bumble Inc. (NASDAQ:BMBL) reported worse-than-expected Q2 revenue results, leading to multiple analysts downgrading their ratings and slashing price targets. Despite a slight rise in share price, the outlook remains cautious.
August 08, 2024 | 12:41 pm
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Bumble Inc. reported Q2 revenue below expectations, resulting in several analysts downgrading their ratings and significantly lowering price targets. Despite a 1.9% rise in share price, the outlook remains cautious.
Bumble's Q2 revenue miss led to downgrades from Stifel, Evercore ISI, JP Morgan, Morgan Stanley, and Piper Sandler, with price targets cut significantly. This indicates a negative short-term impact on the stock price.
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