TD Cowen analyst John Blackledge raised the firm’s price target on Grindr (GRND) to $26 from $25 and keeps a Buy rating on the shares. The firm notes the company reported 25% year-over-year revenue growth in Q1, 1.5% below its estimates as lower-than-expected MAUs were offset in part by better payer conversion. TD Cowen also raised its near-term revenue and EBITDA forecasts given the better outlook.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GRND:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue