Bumble (BMBL) Receives a Hold from Morgan Stanley

Morgan Stanley analyst Lauren Schenk maintained a Hold rating on Bumble (BMBLResearch Report) today and set a price target of $27.00. The company’s shares opened today at $32.97.

According to TipRanks, Schenk is an analyst with an average return of -14.5% and a 55.17% success rate. Schenk covers the Consumer Goods sector, focusing on stocks such as Ebay, FIGS, and Etsy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bumble with a $36.25 average price target, a 9.95% upside from current levels. In a report released today, Piper Sandler also maintained a Hold rating on the stock with a $30.00 price target.

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Based on Bumble’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $211.2 million and a net profit of $16.4 million. In comparison, last year the company earned a revenue of $170.71 million and had a net profit of $341.79 million

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Bumble Inc is engaged in offering online dating services. The company operates two apps, Bumble and Badoo, where users come on a monthly basis to discover new people and connect with each other.

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