Grid Dynamics (GDYN) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Grid Dynamics in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GDYN shares.
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4 Wall Street analysts have issued 1-year price objectives for Grid Dynamics' shares. Their GDYN share price forecasts range from $14.00 to $14.00. On average, they anticipate the company's share price to reach $14.00 in the next year. This suggests a possible upside of 18.4% from the stock's current price.
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Grid Dynamics' stock was trading at $11.22 at the start of the year. Since then, GDYN shares have increased by 5.3% and is now trading at $11.82.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) posted its earnings results on Thursday, August, 3rd. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The business earned $77.30 million during the quarter, compared to analysts' expectations of $76.36 million. Grid Dynamics had a negative net margin of 5.86% and a positive trailing twelve-month return on equity of 9.71%. Grid Dynamics's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS.

Grid Dynamics issued an update on its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $76.00 million-$78.00 million, compared to the consensus revenue estimate of $76.20 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Grid Dynamics investors own include Enterprise Products Partners (EPD), Phillips 66 (PSX), Vistra (VST), Cardtronics (CATM), Coca-Cola FEMSA (KOF), Moderna (MRNA), SailPoint Technologies (SAIL), CVS Health (CVS).

Grid Dynamics trades on the NASDAQ under the ticker symbol "GDYN."

Grid Dynamics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wasatch Advisors LP (9.65%), BlackRock Inc. (6.00%), Riverbridge Partners LLC (4.92%), Granahan Investment Management LLC (3.51%), Jennison Associates LLC (3.39%) and Royal Bank of Canada (2.24%). Insiders that own company stock include Eric Benhamou, Leonard Livschitz, Lloyd Carney, Marina Levinson, Max Martynov, Patrick Nicolet, Shuo Zhang, Stan Klimoff, Teamsun Technology Co Beijing, Vadim Kozyrkov, Victoria Livshitz and Yueou Wang.
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Shares of GDYN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GDYN stock can currently be purchased for approximately $11.82.

Grid Dynamics (NASDAQ:GDYN) has a market capitalization of $890.52 million and generates $310.48 million in revenue each year. The company earns $-29,210,000.00 in net income (profit) each year or ($0.27) on an earnings per share basis.

The company employs 3,798 workers across the globe.

Grid Dynamics' mailing address is 5000 Executive Parkway Suite 520, San Ramon CA, 94583. The official website for the company is www.griddynamics.com. The company can be reached via phone at (650) 523-5000 or via email at investorrelations@griddynamics.com.