Bumble Catalysts Show Efficiency Gains, But Analyst Flags Growth Risks
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BofA Securities analyst Curtis Nagle has reiterated an Underperform rating on Bumble Inc (BMBL), while slightly increasing the price target from $5.50 to $5.75. Despite efficiency gains, growth risks are flagged.
November 11, 2024 | 7:00 pm
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BofA Securities analyst Curtis Nagle reiterated an Underperform rating on Bumble Inc, with a slight increase in the price target to $5.75. The analyst acknowledges efficiency gains but flags growth risks.
The Underperform rating suggests a negative outlook on Bumble's stock, despite a minor increase in the price target. The mention of growth risks could lead to a negative sentiment among investors, potentially impacting the stock price negatively in the short term.
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