Piper Sandler analyst Matt Farrell raised the firm’s price target on Bumble (BMBL) to $27 from $20 and keeps a Neutral rating on the shares. The firm views the macro backdrop for online dating as better than feared heading into Bumble’s earnings announcement in two weeks. Piper added that, specifically, it appears the broader environment is performing as expected to start the year according to Match (MTCH).
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