Grindr price target raised to $24 from $21 at Citizens JMP

Citizens JMP analyst Nicholas Jones raised the firm’s price target on Grindr (GRND) to $24 from $21 and keeps an Outperform rating on the shares. Grindr’s solid Q4 results featured revenue slightly above consensus and adjusted EBITDA largely in line with the Street’s expectations, while fiscal 2025 guidance was essentially in line with consensus expectations, the analyst tells investors in a research note. The firm continues to see upside to numbers throughout 2025 and beyond, particularly as Grindr continues to roll out several new products and features, which should improve monetization and payer penetration, and says it does not view the results or outlook as thesis-changing.