YAHOO FINANCE - Grindr (GRND) has received a Market Outperform rating from Citizens JMP Securities, with a price target of $14 per share. CEO George Arison plans to expand the business beyond dating for growth. Analyst Nick Jones highlights Grindr's potential, noting its industry-leading profit margins and under-monetization of its user base. Currently, only 7% of monthly active users are paying users, compared to an industry average of 15%. This suggests significant room for revenue growth. The stock has risen 70% in the past 12 months, but Jones believes the valuation remains attractive due to its revenue growth and profitability potential.
by Josh Lipton & Julie Hyman
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