Grindr Q3 2024: A Steady Grind To Higher Valuation
Portfolio Pulse from
Grindr's Q3 2024 results reveal strong revenue and EBITDA performance, with notable user growth and ARPU increases. The company is enhancing user engagement through new features, leading to a raised target price of $19/share, indicating a 30% upside.
November 08, 2024 | 4:00 pm
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Grindr's Q3 2024 results show strong revenue and EBITDA beats, with significant user growth and ARPU increases. New features enhance user engagement, leading to a raised target price of $19/share, implying a 30% upside.
Grindr's strong financial performance and user growth, along with new features enhancing engagement, support a bullish outlook. The raised target price suggests a significant potential upside, making this news highly relevant and important for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100