JMP Securities initiated coverage of Grindr with an Outperform rating and $14 price target. Grindr is a leading dating app focused on the LGBTQ+ community, and its position should strengthen as it continues to convert its large network of highly engaged users to paying users, the analyst tells investors in a research note. The firm has high confidence that the company can continue to convert users to payers over time, gaining market share.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GRND: