What is the target price for bumble's share price?

According to 11 Wall Street analyst s that have issued a 1 year BMBL price target, the average BMBL price target is $26.00, with the highest BMBL stock price forecast at $35.00 and the lowest BMBL stock price forecast at $21.00. On average, Wall Street analysts predict that Bumble 's share price could reach $26.00 by Apr 11, 2024.

What is Bumble's stock offering?

The company is planning to offer 34.5 million shares of its stock. These will trade on the Nasdaq Exchange under the BMBL stock ticker. Once the offering is complete, Bumble CEO Whitney Wolfe-Herd will own 14% of the company. Another 83% of the stock will be under the control of Blackstone Group (NYSE: BX ).

How much is Bumble stock worth?

Revenue of $1 billion and 30% profit margins equate to $300 million in annual profits. Today, Bumble stock trades at a market cap of $3. 8 billion, or a forward price-to-earnings (P/E) ratio of just 12. 7, based on these estimates.