RBC Capital Maintains Outperform on Bumble, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson maintains an Outperform rating on Bumble (NASDAQ:BMBL) but lowers the price target from $16 to $8.
August 08, 2024 | 7:50 pm
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RBC Capital analyst Brad Erickson maintains an Outperform rating on Bumble but lowers the price target from $16 to $8.
The lowered price target from $16 to $8 suggests a more cautious outlook on Bumble's future performance, which could negatively impact investor sentiment in the short term despite the maintained Outperform rating.
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