Bumble price target lowered to $15 from $20 at BTIG

BTIG lowered the firm’s price target on Bumble (BMBL) to $15 from $20 and keeps a Buy rating on the shares. The company’s guidance was revised down and, like Match (MTCH), the management reflected on the need to refresh the user experience, up the pace of innovation, and market more, the analyst tells investors in a research note.