Raymond James raised the firm’s price target on Grindr (GRND) to $22 from $21 and keeps an Outperform rating on the shares. Grindr reported Q4 results that were slightly ahead of its positive January preannouncement, and guidance for 2025 was in line with expectations and is a strong base from which to build, the analyst tells investors in a research note. Grindr exits 2024 from a definite position of strength, the firm argues.
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Read More on GRND:
- Grindr price target raised to $24 from $21 at Citizens JMP
- Grindr’s Strong Revenue Growth and Strategic Initiatives Justify Buy Rating with $20 Price Target
- Grindr Inc. Reports Strong Revenue Growth and Strategic Plans
- Closing Bell Movers: MongoDB, Marvell Technology down double digits
- Grindr announces $500M stock repurchase program
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