Morgan Stanley Maintains Equal-Weight Rating for Bumble: Here's What You Need To Know



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.

About Bumble

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.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Price Target
Posted In: Analyst RatingsBZI-AAR-UPDATE