Stifel has adjusted its outlook on Bumble (BMBL, Financial), downgrading the price target for the company’s shares from $6 to $4 while maintaining a Hold rating. This decision comes despite stronger-than-anticipated performance in advertising.
The change reflects a broader downward adjustment in the firm's forecasts for digital advertising, e-commerce, online marketplaces, and subscription services. Stifel predicts a deceleration or potential decline in e-commerce and marketplace gross merchandise volume growth, attributing it to the increasing financial pressures consumers are facing.
The firm notes that its current uncertainty regarding projections is unprecedented outside of the COVID pandemic, highlighting a significant level of discomfort with their future estimates in these sectors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Bumble Inc (BMBL, Financial) is $6.01 with a high estimate of $8.00 and a low estimate of $4.00. The average target implies an upside of 35.76% from the current price of $4.43. More detailed estimate data can be found on the Bumble Inc (BMBL) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Bumble Inc's (BMBL, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Bumble Inc (BMBL, Financial) in one year is $22.77, suggesting a upside of 414% from the current price of $4.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Bumble Inc (BMBL) Summary page.
