Analysts Continue To See Sharp Upside In Bumble Post Q4

Analysts continue to see sharp upside in Bumble Inc BMBL despite cutting their price targets post Q4 results.
BMO Capital analyst Daniel Salmon upgraded to Outperform from Market Perform with an unchanged price target of $48 (103% upside). Online dating is poised to outperform the internet sector.
Cowen analyst John Blackledge raised the price target to $38 from $36 (60% upside) and maintained an Outperform.
Blackledge sees strong growth, especially in international markets.
Raymond James analyst Andrew Marok kept an Outperform rating and lowered the price target to $29 from $48 (22% upside) to account for pullbacks in digital media valuations.
RBC Capital analyst Brad Erickson maintained Bumble with an Outperform and lowered the price target from $55 to $35 (48% upside).
Goldman Sachs analyst Alexandra Steiger reiterated Bumble with a Buy and reduced the price target from $54 to $42 (77% upside).
Piper Sandler analyst Matt Farrell maintained Bumble with a Neutral and lowered the price target from $35 to $21 (11% downside).
Price Action: BMBL shares traded higher by 42.2% at $23.69 on the last check Wednesday.