Grindr (GRND) PT Raised to $14 at TD Cowen

TD Cowen analyst John Blackledge raised the price target on Grindr (NYSE: GRND) to $14.00 (from $12.00) while maintaining a Buy rating.

The analyst commented, "GRND raised their '24 topline guidance while laying out '27 revenue and EBITDA targets 27% and 22% above our pre-event est's. Key medium-term growth drivers include core product improvements, advertising growth, and Int'l focus, with upside potentially driven by alternate use case products. We raised our '25-'27 rev & EBITDA est's to reflect better than expected outlook; PT to $14. Maintain Buy."

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