TD Cowen analyst John Blackledge lowered the firm’s price target on Grindr (GRND) to $22 from $26 and keeps a Buy rating on the shares as part of a Q4 preview. The firm forecasts revenue growth of 25% in Q4, in line with consensus. It reduced Grindr’s payer estimates to reflect the company’s price increases.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GRND: