UBS Maintains Neutral on Bumble, Raises Price Target to $6.05
UBS analyst Stephen Ju maintains Bumble (NASDAQ:BMBL) with a Neutral and raises the price target from $3 to $6.05.
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UBS analyst Stephen Ju maintains Bumble (NASDAQ:BMBL) with a Neutral and raises the price target from $3 to $6.05.
Bumble agreed to a $1.3 billion all-cash acquisition by Ithaca Holdings, offering shareholders $6.05 per Class A share and a 138% premium.
U.S. stocks edged lower; Citi beat Q3 estimates. Bumble and BIO-key surged, while Pershing Square, Cipher Digital and Syndax fell.