Bumble price target raised to $8 from $7 at Piper Sandler

Piper Sandler analyst Matt Farrell raised the firm’s price target on Bumble (BMBL) to $8 from $7 and keeps a Neutral rating on the shares. The firm notes Bumble delivered results and guidance largely in-line with expectations when taken in totality. To Piper, the commentary suggests that the company is at least executing during the early days of its multi-quarter strategy pivot to reignite revenue growth, with the three-pronged plan remaining largely unchanged.