About a year and a half after going public, Grindr is starting to win Wall Street's praise.
Over the past two weeks, three investment firms began coverage of the dating platform focused on LGBTQ+ men.
That focus, once something seen as taboo or unappealing in society, is a plus for analysts, who say the qualities typically associated with gay men make them a solid consumer base to cater toward.
"While LGBTQ[+] acceptance is rising, Grindr can help gay men meet for a wide range of purposes under a wide range of societal conditions."
"Grindr has established itself as the leading LGBTQ+ social dating app through strong brand awareness, despite its relatively nascent tech.
Persons:
Grindr, Raymond James, Andrew Marok, Marok, Nicholas Jones, Jones, GRND, LSEG, Bumble, TD Cowen, John Blackledge, Raymond James ' Marok, Blackledge
Organizations:
U.S