Grindr price target raised to $26 from $22 at Raymond James

Raymond James raised the firm’s price target on Grindr (GRND) to $26 from $22 and keeps an Outperform rating on the shares. Grindr’s Q1 report was modestly below the firm’s expectations on revenue, though the company raised its 2025 revenue growth and EBITDA margin outlooks, the analyst tells investors in a research note. The slight miss vs. consensus is likely to be punished, but Raymond James views any pullback as a buying opportunity.