Goldman Goes Limp Over Grindr User Slowdown Second-quarter earnings season is in full swing this week. Ahead of earnings reports from dating app companies, Goldman analysts went limp on Grindr, the LGBTQ-focused dating app, maintaining a “Buy” rating while slashing their 12-month price target. “Grindr user trends have continued to slow in recent months,” analysts Eric Sheridan and Julia Fein-Ashley wrote in a note to clients on Tuesday. The analysts lowered their price target on Grindr (GRND) to $24 from $26 but maintained a Buy rating, citing confidence in the dating app’s long-term secular growth story, high margins, and strong revenue compounding dynamics. However, they noted… — Continue at ZeroHedge News : Read More
