- RBC Capital analyst Brad Erickson has initiated coverage on Bumble Inc (NASDAQ:BMBL) with an Outperform rating and $65 price target.
- The price target signifies a 29.3% upside at current levels.
- Bumble distinguished itself as quality over quantity play in online dating.
- Erickson saw an expanding total addressable market. Additionally, Bumble’s female-first approach offered differentiated monetization and profitability tailwinds.
- Bumble’s pricing power signified longer-term margin upside, Erickson’s research note stated.
- Price action: BMBL shares traded higher by 3.64% at $52.12 in the market session on the last check Friday.
Network-1 Subsidiary Receives New Patent From U.S. Patent Office Expanding Its HFT Patent Portfolio To Include 9 Issued U.S. Patents
Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the acquisition, development, licensing, and monetization of intellectual property, announced today that the U.S. Patent and Trademark Office issued
