HSBC lowered the firm’s price target on Bumble to $14.70 from $15.70 and keeps a Buy rating on the shares. The near-term outlook for the U.S. online dating market remains challenged given macro headwinds, but opportunities are arising from ongoing efforts to revamp offerings for a new generation of singles, the analyst tells investors in a research note. The firm sees a path to recovery built on greater innovation, revamped monetization, and enhanced moderation.
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