AAL

Analyst Match Sends Bumble Stock Surging

The firm's $55 price target implies an over 65% upside to BMBL's last close

Digital Content Manager
Dec 7, 2021 at 10:44 AM
facebook X logo linkedin


Bumble Inc (NASDAQ:BMBL) is surging today, last seen up 11.7% at $37.13, after the online dating stock earned an upgrade from J.P. Morgan Securities to "overweight" from "neutral." The firm's $55 price target implies a more than 65% upside to the stock's last close, with the analyst noting Bumble's third-quarter earnings miss is overshadowing strength in app downloads, with app payers expected to "meaningfully" increase in the coming quarters.
 

Bumble stock has plummeted on the charts over the last few weeks, culminating in a record low of $30.10 on Dec. 3. Today's pop has BMBL poised to reclaim its 10-day moving average for the first time since late October. Quarter-to-date, Bumble stock remains down a hefty 25.3%.

Short sellers keep piling on. Short interest is up 6.2% in the most recent report period, and the 7.14 million shares sold short account for 5.6% of the stock's available float. At the stock's average pace of trading, it would take shorts three-and-a-half days to buy back their bearish bets; a modest amount of buying power that could fuel an unwind.

 

 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.