Grindr's Stock Trades 35% Below Peers Despite Analyst Upgrades

CEO George Arison says institutions apply a "Grindr discount" because it is a gay dating app, noting one model cut a fair-value estimate by 25%. The stock trades at roughly 11x projected 2027 EBITDA — a 35% discount to peers — even after Morgan Stanley upgraded it to "overweight" and Goldman Sachs and Raymond James raised price targets.