Bumble Catalysts Show Efficiency Gains, But Analyst Flags Growth Risks
Bumble(BMBL) Benzinga·2024-11-12 02:31
BofA Securities analyst Curtis Nagle reiterated an Underperform rating on Bumble Inc BMBL with a price target of $5.75, up from $5.50.In its third quarter, Bumble surpassed earnings expectations due to efficiency improvements in operational expenses (OPEX). The company reported revenue of $273.6 million, which aligns with guidance and is just above analyst expectations of $271.7 million.Also Read: Bumble Bets On AI Tools To Revive Growth In Online Dating MarketAdjusted EBITDA came in at $82.6 million, outpe ...