Bumble (BMBL) Stock: $48 Price Target From Raymond James

By Amit Chowdhry ● Nov 29, 2021
  • The shares of Bumble Inc (NASDAQ: BMBL) have received a $48 price target from Raymond James. These are the details.

The shares of Bumble Inc (NASDAQ: BMBL) have received a $48 price target from Raymond James. And Raymond James analyst Andrew Marok upgraded Bumble to an “Outperform” rating from “Market Perform.”

Marok noted that the 30% pullback in the shares since the third quarter results provides an attractive entry point. And despite the softness in paying users, Bumble’s top-line results were solid with a fourth quarter guide above Street estimates, indicating strong average revenue per user performance.

Plus Marok sees the share selloff as overdone and believes Bumble remains well positioned in the attractive online dating industry.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.