Deutsche Bank analyst Benjamin Black raised the firm’s price target on Bumble to $27 from $22 and keeps a Hold rating on the shares ahead of the Q4 results. While current consensus estimates are projecting a deceleration both on a sequential and year-over-year basis, SensorTower data is suggesting slight acceleration in year-over-year growth of iOS app store revenue across all Bumble apps in the quarter, the analyst tells investors in a research note.
Published first on TheFly
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