Grindr price target raised to $21 from $19 at Raymond James

Raymond James raised the firm’s price target on Grindr (GRND) to $21 from $19 and keeps an Outperform rating on the shares. Grindr announced a set of developments this week that continue to highlight the company’s strong execution against stated targets, including an updated view on its 2025 product intentions, which builds on the already-ambitious targets laid out on the company’s June Investor Day, as well as calling for its Q4 results to come in ahead of top-line expectations, and cleaning up the warrant structure, the analyst tells investors in a research note. This removes a key overhang, and the firm says there is no reason to doubt the path forward given the delivered promises to date.