Wells Fargo analyst Ken Gawrelski is “encouraged” by the return of founder Whitney Wolfe Herd as CEO of Bumble (BMBL) amid the company’s current turnaround plans. The firm awaits updated strategic priorities for 2025 and keeps an Equal Weight rating on the shares with an $8 price target Founder leadership back involved “could enable significant change at a time when it may very well be needed in the online dating industry,” the analyst tells investors in a research note.
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