It’s a gay app XXXmas as Grindr surges to new heights & Sniffies lures the breeders
Grindr for a gift that keeps on giving.The company, which went public in November 2022, is currently seeing a surge in the value of its shares on the New York Stock Exchange.This time last year, Grindr Inc. (GRND) was trading at just $7.92 per share.
That’s about the same as a venti peppermint mocha from Starbucks.Subscribe to our newsletter for a refreshing cocktail (or mocktail) of LGBTQ+ entertainment and pop culture, served up with a side of eye-candy.Today, InvestingPro reports the company is trading at more than double that, at $16.75 per share.
That’s the highest it’s been in 52 weeks.The uptick comes shortly after Goldman Sachs issued a “buy” recommendation in the hookup, er, dating app.
The firm noted Grindr’s stocks show remarkable strength, with the potential to reach $20 per share in the next year, and an annual growth of 20% or higher from 2024 to 2029.A number of other brokerages have also issued positive projections for GRND in recent weeks, giving the stock a “buy” rating and acquiring additional shares for themselves.Charles Schwab Investment Management Inc.
