Grindr: AI Innovation Grinds Higher; Increase Price Target To $22/Share

Group 1 - Grindr (NYSE: GRND) has raised its 2024 growth outlook, expecting revenue growth to increase from +32% to +33%, compared to a prior estimate of +29% and a consensus estimate of +25.5% [1] - The company has maintained its adjusted EBITDA margin guidance of at least 42%, consistent with previous estimates [1] Group 2 - Astrada Advisors specializes in investment research across technology, media, internet, and consumer sectors in North America and Asia, focusing on identifying high-potential investments [1] - The firm integrates rigorous fundamental analysis with data-driven insights to provide a nuanced understanding of key trends, growth drivers, and competitive landscapes [1] - Astrada Advisors aims to empower investors with timely research and a comprehensive view of industry dynamics, particularly in volatile markets [1]