Goldman Sachs Maintains Buy on Bumble, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexandra Steiger maintains a Buy rating on Bumble (NASDAQ:BMBL) but lowers the price target from $18 to $9.

August 09, 2024 | 3:40 pm
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Goldman Sachs analyst Alexandra Steiger maintains a Buy rating on Bumble but lowers the price target from $18 to $9.
The lowered price target from $18 to $9 suggests a more cautious outlook on Bumble's future performance, which could negatively impact short-term investor sentiment despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100