Morgan Stanley has decided to maintain its Equal-Weight rating of Bumble BMBL and lower its price target from $28.00 to $27.00.
Shares of Bumble are trading down 6.67% over the last 24 hours, at $32.19 per share.
A move to $27.00 would account for a 16.12% decline from the current share price.
Bumble Inc is engaged in offering online dating services. The company operates two apps, Bumble and Badoo, where users come on a monthly basis to discover new people and connect with each other.
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