Bumble Catalysts Show Efficiency Gains, But Analyst Flags Growth Risks

BofA Securities analyst Curtis Nagle reiterated an Underperform rating on Bumble Inc BMBL with a price target of $5.75, up from$5.50. In its third quarter, Bumble surpassed earnings expectations due to efficiency improvements in operational expenses (OPEX). The company reported revenue of $273.6 million, which aligns with guidance and is just above analyst expectations of$271.7 million. Also Read: Bumble Bets On AI Tools To Revive Growth In Online Dating Market Adjusted EBITDA came in at $82.6 million, ou ...