Bumble | BMBL | Long at $8.34Arguably, Bumble NASDAQ:BMBL , Match NASDAQ:MTCH , and Grindr NYSE:GRND have an enormous amount of *highly* valuable data on its past and current users. Like any industry, it often simply takes time for this recognition by market makers to occur before price aligns with the "true" future value. If you are an AGI company looking to enhance user companionship with machines and AI bots, these companies hold the keys.
NASDAQ:BMBL has low debt, paying users are still growing (caution if recession begins), and revenue is rising. Personally, the value is in the company's data.
From a technical analysis perspective, my historical simple moving average lines are working their way toward the price. Often, this means a rise in price as the lines flatten and then inevitably rise with the trend reversal. However, I would not be surprised if there were some shakeouts in the near-term if the price suddenly dropped near $5 post-earnings, etc. Regardless, it will personally likely be an opportunity to gather more shares. Thus, at $8.34, NASDAQ:BMBL is in a personal buy-zone.
Target #1 = $12.00
Target #2 = $15.00
Target #3 = $22.00
