Bumble price target lowered to $17 from $25 at Susquehanna

Susquehanna analyst Shyam Patil lowered the firm’s price target on Bumble to $17 from $25 and keeps a Positive rating on the shares. The firm said while choppiness is likely to persist in the short-term, they remain Positive as they continue to view Bumble as having carved out a solid niche in the online dating market, with a large runway for growth.