INVESTING – Grindr reached a 52-week high of $18.45, marking a 125.15% increase over the past year. With a market cap of $3.24B and 31.79% revenue growth, the company is exceeding expectations. Raymond James and JMP Securities Analysts have set a $21 price target, reinforcing positive sentiment. Grindr forecasts $343 to $345M in 2024 revenue, reflecting 32 – 33% YOY growth, surpassing previous estimates.
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