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Bumble Price Target Cut by Royal Bank of Canada Amid Weakened Outlook

Guavy AI Editorial Team
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Royal Bank of Canada has lowered its price objective for Bumble (NASDAQ:BMBL) from $5.00 to $4.00 in a recent research note, according to marketbeat.com.

The firm currently has a 'sector perform' rating on the stock and believes that shares could rise by 42.10% from their current price.

Other analysts have also weighed in on Bumble's prospects, with UBS Group boosting its target price to $4.50 and giving the stock a 'neutral' rating.

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