Bumble's Profitability Likely to Suffer in 2025 After 'Disappointing' Q4 Results, RBC Capital Says
MT Newswires Live
Feb 20, 2025
Bumble's (BMBL) profitability is likely to "suffer" in 2025 after the company posted "disappointing" Q4 results with structural and saturation concerns persisting after the report, RBC Capital Markets said in a Wednesday note.
The investment firm said that the company's path of product development continues to be in "early stages with little indication of when it may bear fruit." RBC analysts also said the company's assessment of industry headwinds "continues to not concede that structural challenges may actually exist."
RBC lowered the company's price target to $7 from $8, while keeping its outperform rating on the stock.
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