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Should You Buy Bumble As Monthly User Fees Approach $30?

TheMotleyFool

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Should You Buy Bumble As Monthly User Fees Approach $30?: https://g.foolcdn.com/editorial/images/695831/happy-person-using-smartphone.jpg

Consumers are becoming more price sensitive, but not when it comes to finding love and connection. Bumble (NASDAQ: BMBL), the online dating platform, recently announced strong sales growth for the period that ended in late June while taking a big step toward profitability.

The management team celebrated the positive momentum while slightly lifting their 2022 sales expectations. That boost helped set the company apart from peers like Match, which is seeing weaker results in some of its dating apps.

Does Bumble's improving financial picture make the stock a buy right now, or might the business struggle to keep standing out in a crowded space?

Source Fool.com

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