Grindr Inc. (GRND) Outperforms Computer and Technology Peers in 2023: A Zacks Rank 2 (Buy) Stock to Watch

Grindr Inc. (GRND) has been a standout performer in the Computer and Technology sector this year, outperforming its peers and the broader market. With a Zacks Rank of #2 (Buy) and a year-to-date return of 22.7%, the company is clearly making a strong case for itself as an investment opportunity. The Zacks Rank is a proven stock-picking model that emphasizes earnings estimates and estimate revisions. It highlights stocks that are poised to outperform the broader market over the next one to three months. In the case of Grindr Inc., the consensus EPS estimate for the current year has increased by 17.5% over the past three months, indicating improving analyst sentiment and a positive earnings outlook trend. When compared to other stocks in the Computer and Technology sector, Grindr Inc. stands out as a top performer. The sector as a whole has gained an average of 1.8% year-to-date, while Grindr Inc. has moved about 22.7%. This means that the company is outperforming its sector in terms of year-to-date returns. Another notable stock in the sector is Nutanix (NTNX), which has also outperformed the sector so far this year with a year-to-date return of 19.8%. Like Grindr Inc., Nutanix also has a Zacks Rank of #2 (Buy) and has seen its consensus EPS estimate for the current year increase by 33.6% over the past three months. Investors interested in the Computer and Technology sector should keep a close eye on both Grindr Inc. and Nutanix as they continue to show strong performance. With their positive earnings outlook and outperformance compared to their peers, these companies could be worth considering for your investment portfolio. If you're looking for more investment ideas, Zacks Investment Research has you covered. Download their free report today and get access to 7 Best Stocks for the Next 30 Days. Don't miss out on these top picks – click to get your report now!

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