Bumble Inc (BMBL)

Shares of Bumble Inc (BMBL) dropped by 6.23% from $14.92 to $13.99 in the trading on Monday October 2, 2023. The reasons why stock BMBL is down today includes:

• Market Conditions: On October 2, 2023, the broader stock market mixed, concerns about inflation, rising interest rates, and the Ukraine conflict. Similarly, the tech sector, including Bumble Inc. (BMBL), declined 1.5% on that day, possibly influenced by apprehensions about rising interest rates and slowing tech industry growth.
• Latest Analyst Ratings: Over the past three months, six analysts have provided 12-month price targets for Bumble. The company now holds an average price target of $21.88, ranging from a high of $24.00 to a low of $18.00. This current average reflects a 14.2% decrease compared to the previous average price target of $25.50.