Susquehanna Downgrades Bumble to Neutral, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Shyam Patil has downgraded Bumble (NASDAQ:BMBL) from Positive to Neutral and lowered the price target from $14 to $6.
August 09, 2024 | 10:40 am
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Susquehanna analyst Shyam Patil downgraded Bumble from Positive to Neutral and significantly lowered the price target from $14 to $6.
The downgrade from Positive to Neutral and the significant reduction in the price target from $14 to $6 by a reputable analyst is likely to negatively impact investor sentiment and lead to a short-term decline in Bumble's stock price.
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IMPORTANCE 80
RELEVANCE 100