KeyBanc Sees This Woman-Centric Dating Platform Sustaining Growth

KeyBanc analyst Justin Patterson initiated coverage of Bumble Inc BMBL with a Sector Weight rating and no price target.
He believed BMBL could sustain high-teens annual revenue growth over the medium term.
Near-term, Patterson was cautious that inflation and competition pressure growth and margins, making positive revisions and multiple expansions unlikely.
Key catalysts included Bumble product and monetization initiatives, Bumble BFF monetization, optionality on iOS store changes, and international growth.
CEO and Founder Whitney Wolfe founded Bumble on the premise that women were treated unequally in romantic connections.
Wolfe created Bumble to address these issues where women always make the first move.
Price Action: BMBL shares traded lower by 0.27% at $25.43 on the last check Monday.

Momentum12.89

Growth12.45

Quality-

Value41.70

Short

Medium

Long

Analyst Calendar