Bumble price target raised to $7 from $6.50 at Stifel

Stifel analyst Mark Kelley raised the firm’s price target on Bumble (BMBL) to $7 from $6.50 and keeps a Hold rating on the shares. Bumble reported Q3 revenue, users, and EBITDA ahead of expectations and delivered Q4 guidance slightly below, notes the analyst, who contends that a refresh will take time to translate to meaningful revenue growth.