BMO upgrades Bumble to outperform, forecasts dating stock can surge nearly 200%

Published Wed, Mar 9 20226:24 AM ESTUpdated Wed, Mar 9 20228:40 AM EST

Jesse Pound @/in/jesse-pound @jesserpound

A display in Times Square is pictured as dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company's IPO in New York City, New York, U.S., February 11, 2021.

Mike Segar | Reuters

Wall Street's positive reaction to Bumble's latest quarterly earnings report is just the start of a rebound for the internet stock, according to BMO Capital Markets.