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Analysts Are Neutral on Top Communication Services Stocks: Bumble (BMBL), Perion Network (PERI)

Tipranks - Tipranks - Wed May 27, 6:04AM CDT

Analysts fell to the sidelines weighing in on Bumble (BMBL) and Perion Network (PERI) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Bumble (BMBL)

In a report released today, Ronald Josey from Citi maintained a Hold rating on Bumble, with a price target of $3.60. The company’s shares closed last Friday at $3.11.

According to TipRanks.com, Josey is a 4-star analyst with an average return of 2.9% and a 49.6% success rate. Josey covers the NA sector, focusing on stocks such as Zillow Group Class A, IAC/InteractiveCorp., and Alphabet Class A. ;'>

Currently, the analyst consensus on Bumble is a Hold with an average price target of $4.45, representing a 45.0% upside. In a report issued on May 16, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $3.50 price target.

See the top stocks recommended by analysts >>

Perion Network (PERI)

Needham analyst Laura Martin maintained a Hold rating on Perion Network today. The company’s shares closed last Friday at $8.98, close to its 52-week low of $7.47.

According to TipRanks.com, Martin is a 5-star analyst with an average return of 10.1% and a 51.0% success rate. Martin covers the NA sector, focusing on stocks such as DoubleVerify Holdings, Nexxen International, and Paramount Skydance. ;'>

Perion Network has an analyst consensus of Strong Buy, with a price target consensus of $13.00, which is a 46.6% upside from current levels. In a report issued on May 21, TipRanks – xAI also downgraded the stock to Hold with a $9.50 price target.

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