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Raymond James reiterates outperform on Bumble, cuts price target

Raymond James reiterates outperform on Bumble, cuts price target

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Bumble Inc. BMBL, +2.65% shares jumped 20.7% in premarket trades on Wednesday after Raymond James analyst Andrew Marok reiterated an outperform rating and said the company’s 2022 revenue guidance was ahead of expectations. After the closing bell on Tuesday, the dating app company said it expects 2022 revenue of $934 million to $944 million while facing $20 million in impact from its decision to exit Russia and Belarus and an expected $20 million unfavorable impact of foreign exchange transactions.

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