Grindr: Raymond James lowers PT to $20 from $26, maintains Outperform rating.

Grindr: Raymond James lowers PT to $20 from $26, maintains Outperform rating.

Raymond James has lowered its price target on Grindr (NYSE:GRND) to $20.00 from $26.00 while maintaining an Outperform rating following the company’s second-quarter 2025 results. Despite recent price weakness, the stock has delivered an impressive 67.2% return over the past year [1].

The dating app company delivered solid results that nonetheless fell short of expectations for its typical beat-and-raise performance pattern, according to Raymond James. Investors have focused heavily on Grindr’s monthly active user (MAU) figures, with the year-over-year growth rate decelerating by one percentage point to 6%, which overshadowed positive developments in other metrics [1].

The firm highlighted that Grindr’s payer conversion ratio expanded to 8.2%, indicating continued improvement in the company’s ability to convert users into paying customers. Raymond James characterized the post-earnings stock weakness as a buying opportunity, suggesting that the market’s focus on MAU growth is "myopic" given Grindr’s significant monetization opportunities and product launches that could create an improved user experience serving more use cases [1].

Grindr announced its second-quarter results for 2025, which did not meet analysts’ expectations. The company reported revenues of $104 million, slightly below the anticipated $105.11 million. Earnings per share were $0.10, missing the forecast of $0.11 [1].

Several analysts have upgraded their ratings on Grindr. Goldman Sachs raised its price target from $20.00 to $26.00, reflecting positive sentiment from the market. BIT Capital GmbH reduced its stake in Grindr Inc. by 27.9%, owning 2,876,783 shares valued at approximately $51.49 million as of its latest SEC filing [3].

References:
[1] https://www.investing.com/news/analyst-ratings/grindr-stock-price-target-lowered-to-20-by-raymond-james-on-mau-growth-93CH-4179675
[2] https://ng.investing.com/news/analyst-ratings/grindr-stock-price-target-lowered-to-20-by-raymond-james-on-mau-growth-93CH-2052608
[3] https://www.marketbeat.com/instant-alerts/filing-bit-capital-gmbh-has-5149-million-stake-in-grindr-inc-nysegrnd-2025-08-03/