- KeyBanc analyst Justin Patterson initiated coverage of Bumble Inc (NASDAQ:BMBL) with a Sector Weight rating and no price target.
- He believed BMBL could sustain high-teens annual revenue growth over the medium term.
- Near-term, Patterson was cautious that inflation and competition pressure growth and margins, making positive revisions and multiple expansions unlikely.
- Key catalysts included Bumble product and monetization initiatives, Bumble BFF monetization, optionality on iOS store changes, and international growth.
- CEO and Founder Whitney Wolfe founded Bumble on the premise that women were treated unequally in romantic connections.
- Wolfe created Bumble to address these issues where women always make the first move.
- Price Action: BMBL shares traded lower by 0.27% at $25.43 on the last check Monday.
Singing Machine, Blue Apron, Camber Energy And More Short Squeeze Candidates That Could Soar This Week
Potential short squeeze plays gained steam in 2021 and have continued through 2022, with new traders looking for the next huge move.
High short interest and a high cost to borrow are among the common traits that could lead to a short squeeze.
