Citigroup Downgrades Bumble to Neutral, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ygal Arounian has downgraded Bumble (NASDAQ:BMBL) from Buy to Neutral and lowered the price target from $12 to $6.

August 08, 2024 | 6:50 pm
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Citigroup analyst Ygal Arounian downgraded Bumble from Buy to Neutral and reduced the price target from $12 to $6.
The downgrade from Buy to Neutral and the significant reduction in the price target from $12 to $6 by a major financial institution like Citigroup is likely to negatively impact investor sentiment and lead to a short-term decline in Bumble's stock price.
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