Where Will Bumble Stock Be in 5 Years?
Bumble (NASDAQ: BMBL), which lets only women make the first move on its namesake dating app, went public in February at $43 per share. The stock opened at $76 a share on the first trading day, peaked at $84.80 a few days later, but lost its momentum and dropped below its IPO price in May.
The stock now trades in the low $50s, but its volatile debut burned many investors. I recently weighed the bull and bear cases for Bumble's stock and concluded that it could still double or triple within the next five years if its revenue continues to rise about 20% annually.
Today, I'll dive deeper into the company's near-term challenges, its plans for the future, and how they could support its long-term growth.
Source Fool.com
