JPMorgan analyst Cory Carpenter lowered the firm’s price target on Bumble to $17 from $20 and keeps an Overweight rating on the shares. The company reported in-line Q4 results, but a soft peak dating season in the U.S. and execution issues resulted in a lower 2024 revenue outlook, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BMBL: