Citizens JMP lowered the firm’s price target on Grindr (GRND) to $21 from $23 and keeps an Outperform rating on the shares. Grindr reported better-than-expected Q3 results with revenue coming in 2% above consensus while EBITDA came in 11% above consensus, the analyst tells investors in a research note. Citizens believes Grindr has a path to 20%+ growth in 2026 and 2027.
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