Grindr Inc. (GRND)’s Right Now Feature goes Global

Grindr Inc. (NYSE:GRND) has officially launched its real-time discovery tool, Right Now, across all global markets. The new feature allows users to broadcast immediate intent through posts with time limits. Text or photo can now be sent with a one-hour access period, using a separate feed from the traditional grid.

Grindr Inc. (GRND)’s Right Now Feature goes Global

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Grindr Inc. (NYSE:GRND) is a social networking app serving over 14.6 million monthly active users. Following a test phase in Washington, D.C., and Australia earlier this year, which yielded rapid uptake, the company accelerated the worldwide release of Right Now. AJ Balance, Chief Product Officer at Grindr, made the following comment:

“Right Now empowers our users to find exactly what they want, when they want it – without the guesswork.”

The new feature can be accessed through multiple in-app entry points. This includes the bottom navigation bar and profile drawer. The easy access allows for fast navigation to the intent-based feed. The company offers free weekly sessions in some locations, with paid options available thereafter.

The launch comes amid positive analyst sentiments. Earlier this month, Raymond James elevated its price target from $22 to $26 while reiterating an Outperform rating. Goldman Sachs shared the sentiment, raising its target by 30% to $26 and maintaining a Buy rating. The reiterated ratings and elevated target price signal a positive outlook for Grindr Inc. (NYSE:GRND)’s growth.

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