Grindr: Solid Growth, Improving Monetization, and Technical Overhang Support a Buy Rating and $22 Target

John Blackledge, an analyst from TD Cowen, maintained the Buy rating on Grindr. The associated price target is $22.00.

John Blackledge has given his Buy rating due to a combination of factors tied to Grindr’s solid growth trajectory and improving monetization. He expects robust double‑digit revenue expansion in the near term, underpinned by new and enhanced product features, better user experience, and the company’s first meaningful price increases in several years.

He also views the business as on course to reach its longer‑term revenue objectives, with 2026 performance tracking toward the company’s 2027 target. While acknowledging near‑term share pressure from ongoing sales by a former insider, he treats this as technical rather than fundamental, and his $22 price target reflects confidence that earnings leverage and monetization initiatives will drive further upside.

Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GRND in relation to earlier this year.