Morgan Stanley keeps USD 20.00 target for Grindr stock

Published on 10/20/2026 at 21:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 average revenue per paying user reached USD 26.51 on June 30, 2026. Grindr stock costs EUR 12.55 on October 20, 2026 at 9:44 p.m. CEST.

Analyst target and reporting date

Morgan Stanley maintained a Buy rating and a USD 20.00 price target on October 20, 2026.
Grindr reported USD 138.14 million in second-quarter revenue for the period ended June 30, 2026.
Grindr stock costs EUR 12.55 at Lang & Schwarz on October 20, 2026 at 9:44 p.m. CEST.
Grindr is scheduled to report third-quarter results on November 5, 2026, according to MarketBeat.

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Morgan Stanley maintained a Buy rating and a USD 20.00 price target for Grindr on October 20, 2026, according to TipRanks. Using the NYSE quote of USD 14.10 at 3:49 p.m. ET, the target stood 41.84 percent above the share price. The stock was trading at EUR 12.55 at Lang & Schwarz on October 20, 2026 at 9:44 p.m. CEST.

Target rests on user monetization

The latest operating figures support the focus on monetization. Grindr reported average revenue per paying user of USD 26.51 for the quarter ended June 30, 2026, while average paying users reached 1.4 million, according to the company's investor-relations page.

Grindr also states that its platform served 1.4 million average paying users in the second quarter. The figures give investors a direct way to track whether subscriber growth and monetization continue to support the valuation.

Revenue grew 33.00 percent

Second-quarter revenue rose 33.00 percent year over year to USD 138.14 million for the period ended June 30, 2026, according to Axis Intelligence Research. The same report lists 1.4 million average paying users, up 16.00 percent from the year-earlier period, and average monthly revenue per payer of USD 26.51.

That combination is important because revenue growth came with a larger paying base, rather than relying only on higher prices. Grindr's reported second-quarter operating profit was USD 32.50 million, equal to a 24.00 percent operating margin, based on the period ended June 30, 2026.

Price position and valuation

The NYSE quote was USD 14.10 at 3:49 p.m. ET on October 20, 2026. The 52-week range was USD 9.73 to USD 18.50, while the market capitalization was USD 2.5 billion and the price-to-earnings ratio was 27.67 on the same date.

Grindr's current valuation therefore sits between a strong operating-growth profile and the execution burden implied by the USD 20.00 target. Morgan Stanley's rating is a dated external view, not a forecast made in this article.

November 5 reporting date

MarketBeat lists November 5, 2026 as Grindr's estimated third-quarter reporting date, with the announcement expected after the market closes. The next report should give investors a new comparison point for revenue, paying users and monetization after the June 30, 2026 quarter.

Trading position

The euro quotation gives German investors a current after-hours indication, while the NYSE quotation provides the company's home-market reference in USD. Together, the two prices describe different venues and are not combined into one daily percentage.

Grindr's next report will test whether the second-quarter growth rate can be sustained and whether paying-user expansion continues to support the current valuation. The further course of trading is shown by the continuously updated real-time quote of Grindr stock.