Bumble price target lowered to $25 from $27 at Piper Sandler

Piper Sandler analyst Matt Farrell lowered the firm’s price target on Bumble to $25 from $27 and keeps a Neutral rating on the shares. Bumble delivered upside to Q4 results, but the more important dynamic was the reiteration of the 2023 guidance, the analyst tells investors in a research note. Management noted that the macro environment has not gotten much worse since the company reported Q3 roughly three months ago, Piper points out.