Motley Fool
Here’s Why Bumble Stock Stumbled on Thursday
A bevy of Wall Street analysts followed up by lowering their price targets for the stock, adding to today’s pain. For the third quarter, Bumble generated revenue of $200.5 million, up 24% year over year and actually ahead of management’s previous guidance. According to The Fly, four analysts lowered their price targets for the stock as a result of third-quarter results.
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