KeyBanc Sees This Woman-Centric Dating Platform Sustaining Growth

• 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.

Latest Ratings for BMBL

Date	Firm	Action	From	To
Mar 2022	Deutsche Bank	Initiates Coverage On		Hold
Mar 2022	Susquehanna	Maintains		Positive
Mar 2022	Goldman Sachs	Maintains		Buy

View More Analyst Ratings for BMBL

View the Latest Analyst Ratings

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