• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing Bumble shares are ‘attractive risk/reward’ at current levels: KeyBanc
Investing

Bumble shares are ‘attractive risk/reward’ at current levels: KeyBanc

by January 10, 2023
by January 10, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Shares of Bumble Inc (NASDAQ: BMBL) have already gained more than 10% in recent days but a KeyBanc analyst is convinced there’s more where that came from.

Bumble shares upgraded to overweight

Justin Patterson issued a bullish note in favour of this stock on Tuesday. His “overweight” rating arrived with a price objective of $27 – about a 35% upside on its previous close.

The analyst is constructive on Bumble shares primarily because he sees it as well-positioned to capitalise on online dating.

When coupled with product initiatives, international ramps, and moderating FX headwinds, we’re increasingly confident the core Bumble app can sustain 20% plus annual revenue growth.

Relative to peers including Match Group, Patterson dubs Austin-headquartered firm more attractive in terms of valuation. Versus their high in late July, Bumble shares are down about 45% at writing.

Bumble could grow margins by 20%

In November, Bumble reported per-share earnings for its third financial quarter that handily topped Street estimates. According to Justin Patterson, the Nasdaq-listed firm could grow margins by up to 20%.

Bumble is benefitting from a secular trend towards online dating globally. By focusing deeply on product, brand, and trust and safety, Bumble has created a business that can garner a meaningful user base across geographies.

Credit card, app downloads, and customer growth data, he added, suggests that macroeconomic challenges are easing and competition has not significantly increased.

All in all, he recommends buying Bumble shares because they’re an “attractive risk/reward” at current levels.

The post Bumble shares are ‘attractive risk/reward’ at current levels: KeyBanc appeared first on Invezz.

You Might Also Like
  • The Sell Put And Buy Call Strategy | A Synthetic Long Stock
  • Is the Carnival share price a bargain as cruising rebounds?
  • Options Trading Strategy: Bear Put Spread
  • Analyst: these three tech stocks will do well in 2023
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Grayscale Bitcoin: GBTC discount to NAV narrows to -38.55%
next post
Pro recommends buying Shake Shack stock despite soft guidance

You may also like

Duck Creek stock opened 50% up on Monday: here’s why

January 9, 2023

Sophie Karp names her top stock for renewables exposure

December 29, 2022

Is Supply@Me a good penny stock for 2023?

December 27, 2022

Top 3 risk events for FX traders in the second...

January 8, 2023

This ad-tech stock opened 70% up on Monday: this is...

November 28, 2022

5 Best Dogecoin Betting Sites That You Can Trust

December 22, 2022

Could we still have a Santa Claus rally through the...

December 20, 2022

3 strategies to buy the S&P500 index and how they...

November 26, 2022

Glencore share price dived amid ESG concerns: buy the dip?

January 5, 2023

Oorbit partners LG to bring metaverse games to smart TVs

January 5, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

      June 20, 2025
    • Nike pushes back Skims launch with Kim Kardashian due to production delays

      June 19, 2025
    • The Fed Is Getting It Wrong AGAIN As They Hold Rates Steady

      June 19, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,599 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,875 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,578 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,541 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,417 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Oil prices rise more than 1% as Israel vows to...

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New...

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year,...

      June 20, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Salesforce is poorly positioned for a...

    December 8, 2022

    FedEx is ‘setting the bar pretty...

    December 21, 2022

    This is what you should expect...

    December 27, 2022
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here