JPMorgan downgrades Match Group from Overweight to Neutral, lowers target to $33. Reflects muted growth, limited Tinder turnaround, undemanding valuation, dividends and buybacks.
Goldman Sachs analyst initiated coverage on Grindr with a Buy rating and $20 price target. Grindr has a large and growing addressable market and favorable growth opportunities in the online dating industry.
Leading online dating platforms like Tinder, Hinge, Bumble, and Grindr are incorporating AI-powered tools to enhance user experience by generating conversation starters, building profiles, and providing interaction feedback.
Grindr shares are trading higher Wednesday after the company raised its full-year revenue guidance ahead of its first investor day. Here's a look at what to know:
Grindr is being sued in the U.K. for allegedly sharing sensitive user information, including HIV status, with third parties without consent, affecting hundreds and potentially breaching data privacy between 2018 and 2020.
