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home / news releases / BMBL - Bumble: Rating Downgrade On Poor Execution And Weak Growth Momentum

BMBL - Bumble: Rating Downgrade On Poor Execution And Weak Growth Momentum

Bumble Inc.

2024-03-14 23:03:02 ET

Summary

  • Bumble's recent performance has been poor, leading to a downgrade from a buy rating to a hold rating.
  • The weakness in performance and uncertainty in guidance are the main reasons for the downgrade.
  • Bumble's growth has decelerated, and the market is not willing to pay for high-end subscription tiers, indicating a lack of strong growth catalysts.

Summary

For further details see:

Bumble: Rating Downgrade On Poor Execution And Weak Growth Momentum
Stock Information
Company Name: Bumble Inc.
Stock Symbol: BMBL
Market: NASDAQ
Website: bumble.com
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