Analyst Coverage Change
On Tuesday January 24th, analysts at Loop Capital Markets(Rank#49) issued a research report on Bumble Inc., and lowered the 12 month target forecast on the stock to $25 from $17, based on valuation catch up.
Bumble Stock Forecast & Analysis
Bumble Inc is a publicly traded company that operates a dating app.. The stock of the company is currently being analyzed by 18 analysts, who have provided their forecast on the future price of the stock. According to these forecasts, the average target price for Bumble Inc’s stock over the next 12 months is USD 27.58. This means that the analysts on average expect the stock to increase in value by about 12.4% from its current price.
The average analyst rating for Bumble Inc is “Buy”, which means that the majority of analysts recommend purchasing the stock.
Additionally, Stock Target Advisor’s analysis of Bumble Inc, which is rated as “Neutral”. This rating is based on a combination of positive and negative signals, with 5 of each. It means that the analysis identifies some factors that may be seen as positive for the stock, such as strong financials or a growing user base, but also has identified some negative factors such as intense competition in the dating app market.
Lastly, the stock price of Bumble Inc as of the last closing is USD 24.33. The stock price has changed by +5.42% over the past week, +16.19% over the past month and -18.90% over the last year. This indicates that the stock has been quite volatile in the short term and has decreased in value in the long term.
Bumble Partners with Netflix
Bumble is partnering with Netflix to allow users to play “Netflix Nights In”, an in-app game that features trivia questions about top Netflix shows. The game will be available starting January 30th, with new show theme and questions being added every Monday. The game will be introduced by actors and cast members of the corresponding show. The partnership is based on a survey done by Bumble which found that 72% of respondents have talked about TV and movies on a date, and 59% of Gen Z respondents said liking the same shows and films makes a match more appealing. The partnership aims to connect people who share the same taste in TV and movies.