Grid Dynamics Holdings, Inc. Class A Common Stock

Wedbush analyst Moshe Katri initiated coverage on Grid Dynamics Holdings Inc (NASDAQ:GDYN) with an Outperform rating and a price target of $13. The rating reflected recent, encouraging first quarter and calendar year 2024 results. The company’s GenAI-focused initiatives and product engineering expertise bode well for a second-half calendar year 2024 sequential uptick.  See Also: DOJ Case Against Live Nation Is ‘Weak,’ Analysts Say: ‘Separating Ticketmaster… Is Unlikely To Lower Ticket Prices’ Katri noted that the company’s outsized exposure to retail and TMT verticals, which impacted growth in calendar year 2023. He expects the company to post mid-single-digit and mid-double-digit currency revenue growth between 2024 and 2025, respectively. GDYN’s partnership model provides significant, long-term monetization ...Full story available on Benzinga.com

Related tickers: GDYN.

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Grid Dynamics Holdings (NASDAQ:GDYN) in the last three months. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 1 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 1 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $15.2, a high estimate of $17.00, and a low estimate of $13.00. This current average represents a 5.0% decrease from the previous average price target of $16.00. Exploring Analyst Ratings: An In-Depth Overview In examining recent analyst actions, we gain insights into how financial experts perceive Grid Dynamics Holdings. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Moshe Katri Wedbush Announces Outperform $13.00 - Mayank Tandon Needham Maintains Buy $16.00 - Tien-Tsin Huang JP Morgan Lowers Overweight $15.00 $17.00 Ryan Potter Citigroup Lowers Buy $15.00 $17.00 Josh Siegler Cantor Fitzgerald Raises Overweight $17.00 $14.00 Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Grid Dynamics Holdings. This ...Full story available on Benzinga.com

Related tickers: GDYN.