Bumble price target lowered to $25 from $34 at Evercore ISI

Evercore ISI analyst Shweta Khajuria lowered the firm’s price target on Bumble to $25 from $34 and keeps an Outperform rating on the shares following the company’s "mixed" Q3 report and preliminary Q4 and FY23 guidance that was lower-than-expected. Investors debated whether management would provide FY23 guidance heading into the print and now that they have "we believe we may have hit the reset button here," Khajuria stated. The analyst, who thinks shares "look attractive, especially on a growth-adjusted basis," would remain a buyer.