Bumble price target lowered to $17 from $20 at JPMorgan

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.