Bumble Reaches Analyst Target Price
December 26, 2024 at 07:42 AM EST
In recent trading, shares of Bumble Inc (BMBL) have crossed above the average analyst 12-month target price of $7.88, changing hands for $7.92/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..
