Stock Track | Bumble Stock Soars 13% Amid Diverging Analyst Views

Stock Track
2024-11-12

Shares of Bumble Inc. (BMBL), the company behind the popular online dating app, soared over 13% on Friday in a seemingly counterintuitive move as analysts remain divided on the company's growth prospects.

The surge came despite the lack of a clear positive catalyst, with Bumble failing to release any major announcements or report earnings in recent days. Instead, the stock appeared to be buoyed by general investor optimism and speculation.

However, analysts have expressed contrasting views on Bumble's outlook heading into 2025. Bank of America analysts cautioned that dating apps like Bumble may take time to regain growth in paying customers, citing the need for improvements in product investments and economic conditions. This echoed previous comments from Bumble CEO Lidiane Jones, who acknowledged that efforts to drive user growth "will take time."

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