Is Bumble An Acquisition Target? Analyst Highlights Match As Likely Suitor Amid Regulatory Concerns
Bumble(BMBL) Benzinga·2024-09-28 04:02
KeyBanc Capital Markets analyst Justin Patterson downgraded Bumble Inc. (BMBL) to Sector Weight from Overweight. Patterson warns that app store data indicators remain weak, suggesting that the app refresh may have compromised Bumble's key differentiator, and there are increased risks to the company's financial outlook for 2025. With Bumble shares trading at approximately 5x the estimated EV/EBITDA for 2025, the analyst suggests there may be acquisition interest. While Match Group MTCH would be the obvious b ...