Ygal Arounian maintains a Hold rating for Bumble, setting an $8 price target, due to uncertainties surrounding the company's early-stage strategic initiatives and market position.
Despite Bumble's satisfactory Q3 results and Q4 guidance, Arounian cautions that the company's new marketing strategy and product rollout will take time to influence performance.
The ongoing review of Bumble's revenue strategy introduces uncertainty regarding growth prospects for 2025. Arounian remains cautious due to industry headwinds and investment intensity.
With a focus on stocks like Bumble, Arounian has an average return of 9.8% and a 49.44% success rate on recommendations, indicating cautious optimism.
Collection
[
|
...
]