Where Will Bumble Stock Be In 1 Year?
Bumble's (NASDAQ: BMBL) stock fell 9% on Aug. 11 after the online dating company posted its second-quarter earnings report. Its revenue rose 18% year over year to $220.5 million, beating analysts' estimates by $1.1 million. Its net loss narrowed from $7.1 million to $4.4 million, or $0.03 per share, but still missed the consensus forecast by two cents.
For the full year, Bumble expects its revenue to rise 20% to 21%, compared to its prior forecast for 22% to 23% growth. That softer guidance spooked the bulls, but is its stock finally bottoming out after dropping nearly 30% below its IPO price? Let's review Bumble's main challenges, whether it can overcome them, and whether its stock can regain its mojo over the next 12 months.
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Source Fool.com
