Bumble plumbs new low as revenue forecast cut, new strategy trigger turnaround concerns

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Susquehanna Downgrades Bumble Inc. (BMBL) to Neutral

August 9, 2024 6:12 AM EDT

Susquehanna analyst Shyam Patil downgraded Bumble Inc. (NASDAQ: BMBL) from Positive to Neutral with a price target of $6.00 (from $14.00).

The analyst comments "Our thoughts. We are downgrading BMBL to Neutral, as the company is once again revamping its strategy and focus... More

Citi Downgrades Bumble Inc. (BMBL) to Neutral, Removes 30-Day Negative Catalyst Call

August 9, 2024 6:11 AM EDT

Citi analyst Ygal Arounian downgraded Bumble Inc. (NASDAQ: BMBL) from Buy to Neutral with a price target of $6.00 (from $12.00).

The analyst comments "We downgrade BMBL shares to Neutral from Buy after a disappointing outlook stemming from a total rebuild of the... More

Bumble Inc. (BMBL) PT Lowered to $10 at Loop Capital

August 8, 2024 7:19 AM EDT

Loop Capital analyst Laura Champine lowered the price target on Bumble Inc. (NASDAQ: BMBL) to $10.00 (from $15.00) while maintaining a Buy rating.

The analyst comments "We are reiterating our Buy rating but cutting our price target on Bumble from $15 to $10 today. We're cutting our... More

Citi Downgrades Bumble Inc. (BMBL) to Neutral

August 8, 2024 7:13 AM EDT

Citi analyst Ygal Arounian downgraded Bumble Inc. (NASDAQ: BMBL) from Buy to Neutral with a price target of $6.00 (from $12.00).

The analyst comments "We downgrade BMBL shares to Neutral from Buy after a disappointing outlook stemming from a total rebuild of the... More

BTIG Downgrades Bumble Inc. (BMBL) to Neutral

August 8, 2024 6:43 AM EDT

BTIG analyst Jake Fuller downgraded Bumble Inc. (NASDAQ: BMBL) from Buy to Neutral.