Morgan Stanley Remains a Hold on Bumble (BMBL)

In a report released today, Lauren Schenk from Morgan Stanley maintained a Hold rating on Bumble (BMBLResearch Report), with a price target of $19.00. The company’s shares opened today at $20.38.

Schenk covers the Consumer Goods sector, focusing on stocks such as Etsy, Stitch Fix, and Farfetch. According to TipRanks, Schenk has an average return of -21.7% and a 51.56% success rate on recommended stocks.

In addition to Morgan Stanley, Bumble also received a Hold from Deutsche Bank’s Benjamin Black CFA in a report issued today. However, on the same day, Cowen & Co. maintained a Buy rating on Bumble (NASDAQ: BMBL).

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BMBL market cap is currently $4.13B and has a P/E ratio of -549.34.

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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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