BTIG analyst Jake Fuller lowered the firm’s price target on Bumble to $20 from $30 and keeps a Buy rating on the shares. The analyst cites the company’s Q3 revenue miss and reduction in Q4 outlook to reflect FX headwinds and disruption in the Middle East. BTIG adds that while FX and Middle East disruption are plausible explanations for the step-down in the guide, it won’t do much to shake category malaise.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BMBL: