Grindr(GRND) Shares Soar 1.15% Ahead of Earnings
1min read Grindr(GRND) shares surged 1.15% today, marking the fourth consecutive day of gains, with a cumulative increase of 9.17% over the past four days. The stock price reached its highest level since November 2022, with an intraday gain of 2.40%.
Grindr's upcoming earnings announcement for the first quarter of 2025, scheduled for May 8, 2025, is anticipated to significantly influence investor sentiment and the stock price. The company's financial performance and outlook will be closely scrutinized, potentially driving further market movements.
JMP Securities recently reaffirmed its "market outperform" rating for grindr and set a price target of $24.00. This rating reflects the firm's confidence in the company's future performance and its potential for stock price appreciation, which has likely contributed to the recent positive market sentiment surrounding Grindr.
Ask Aime: What's driving the recent surge in Grindr's stock price?
