JPMorgan Chase & Co. Issues Pessimistic Forecast for Grid Dynamics (NASDAQ:GDYN) Stock Price

Key Points

• JPMorgan Chase & Co. has lowered its target price for Grid Dynamics from $13.00 to $11.00, maintaining an "overweight" rating, suggesting a potential upside of 41.94% from the current stock price.
• Other analysts have also adjusted their ratings, with Needham & Company reducing their target from $20.00 to $15.00, while Wall Street Zen changed their rating from "buy" to "hold."
• Grid Dynamics reported a quarterly earnings of $0.10 per share, meeting consensus estimates, and achieved revenue of $101.10 million, reflecting a 21.7% increase compared to the same quarter last year.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) had its target price dropped by stock analysts at JPMorgan Chase & Co. from $13.00 to $11.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 38.36% from the company's current price.

GDYN has been the subject of a number of other research reports. Needham & Company LLC reduced their target price on Grid Dynamics from $20.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 1st. Wall Street Zen lowered Grid Dynamics from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Grid Dynamics presently has an average rating of "Buy" and a consensus target price of $15.75.

Grid Dynamics Trading Down 1.9%

Shares of GDYN stock traded down $0.15 on Wednesday, hitting $7.95. 1,132,202 shares of the stock were exchanged, compared to its average volume of 842,875. The firm has a market capitalization of $673.13 million, a PE ratio of 41.84 and a beta of 1.06. Grid Dynamics has a one year low of $7.46 and a one year high of $25.50. The firm's 50 day moving average is $10.14 and its two-hundred day moving average is $13.73.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $101.10 million during the quarter, compared to the consensus estimate of $100.45 million. Grid Dynamics had a return on equity of 1.89% and a net margin of 4.37%.The firm's quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 EPS. Grid Dynamics has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Grid Dynamics will post 0.18 earnings per share for the current year.

Institutional Trading of Grid Dynamics

A number of hedge funds have recently bought and sold shares of GDYN. Coppell Advisory Solutions LLC bought a new stake in Grid Dynamics in the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its position in Grid Dynamics by 28,150.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,695 shares of the company's stock worth $27,000 after buying an additional 1,689 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Grid Dynamics by 199.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company's stock worth $36,000 after buying an additional 1,526 shares during the last quarter. USA Financial Formulas bought a new stake in Grid Dynamics in the 1st quarter worth approximately $42,000. Finally, Canada Pension Plan Investment Board bought a new stake in Grid Dynamics in the 2nd quarter worth approximately $43,000. Institutional investors own 71.18% of the company's stock.

Grid Dynamics Company Profile

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale.