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

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.

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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.

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

Posted In: BZI-AAR-UPDATEAnalyst Ratings