Analysts have trimmed Bumble's estimated fair value from US$4.34 to US$3.74, while some individual firms moved their price targets to US$3 and US$3.60. UBS lowered its Bumble price target from US$4.50 to US$3 and kept a Neutral rating, citing Tech 2.0 delays that pushed out the expected growth inflection and continued revenue declines. Citi trimmed its Bumble price target from US$3.90 to US$3.60 while maintaining a Neutral stance, signaling ongoing caution around execution and the timing of any improvement in growth trends. Raymond James commented that Bumble's strategic options seem limited, noting concerns about a brand that has lost some of its traditional cachet and stressing that the Bumble app relaunch is still viewed as the key decision point for the company. Revenue is now expected to fall 5.31% instead of a 4.24% decline, and projected net profit margin has been reduced from 15.93% to 13.25%.
Bumble IncAnalysts cut fair value and price targets, citing Tech 2.0 delays and revenue declines.
UBS Group AG