Bumble price target lowered to $22 from $24 at TD Cowen

TD Cowen analyst John Blackledge lowered the firm’s price target on Bumble to $22 from $24 and keeps an Outperform rating on the shares. The company slightly missed Q4 revenue and EBITDA estimates as payer growth was partially offset by declining average per user, the analyst tells investors in a research note. The firm says the Q1 revenue and EBITDA guide were 4% below consensus on slowing Bumble App user growth in the U.S. TD reduced estimates to reflect the outlook but keeps an Outperform rating with the shares down 8% post earnings.