Grid Dynamics (NASDAQ:GDYN) Price Target Lowered to $10.00 at TD Cowen
by Jessica Moore · The Cerbat GemGrid Dynamics (NASDAQ:GDYN – Free Report) had its price objective lowered by TD Cowen from $11.00 to $10.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.
GDYN has been the subject of several other reports. Northland Securities cut their target price on shares of Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Monday, March 9th. Weiss Ratings lowered shares of Grid Dynamics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. cut their target price on shares of Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Zacks Research lowered shares of Grid Dynamics from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. Finally, Needham & Company LLC cut their price target on shares of Grid Dynamics from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday. Five research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.00.
View Our Latest Analysis on GDYN
Grid Dynamics Trading Up 2.1%
GDYN stock traded up $0.12 on Friday, hitting $5.81. 2,801,162 shares of the company’s stock traded hands, compared to its average volume of 1,141,722. Grid Dynamics has a 1-year low of $5.13 and a 1-year high of $15.32. The stock has a market cap of $495.88 million, a price-to-earnings ratio of 58.10 and a beta of 0.86. The stock has a fifty day moving average of $6.04 and a 200-day moving average of $7.68.
Grid Dynamics (NASDAQ:GDYN – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Grid Dynamics had a net margin of 1.27% and a return on equity of 1.20%. The business had revenue of $104.10 million during the quarter, compared to analyst estimates of $103.32 million. During the same period in the prior year, the business earned $0.11 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts anticipate that Grid Dynamics will post 0.1 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Grid Dynamics
A number of large investors have recently made changes to their positions in GDYN. Hantz Financial Services Inc. raised its holdings in shares of Grid Dynamics by 175.5% during the fourth quarter. Hantz Financial Services Inc. now owns 3,229 shares of the company’s stock valued at $29,000 after acquiring an additional 2,057 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Grid Dynamics during the third quarter valued at approximately $31,000. GAMMA Investing LLC raised its holdings in shares of Grid Dynamics by 273.2% during the fourth quarter. GAMMA Investing LLC now owns 3,598 shares of the company’s stock valued at $32,000 after acquiring an additional 2,634 shares during the period. Quarry LP raised its holdings in shares of Grid Dynamics by 57.1% during the third quarter. Quarry LP now owns 4,835 shares of the company’s stock valued at $37,000 after acquiring an additional 1,757 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in Grid Dynamics in the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds own 71.18% of the company’s stock.
Key Grid Dynamics News
Here are the key news stories impacting Grid Dynamics this week:
- Positive Sentiment: Q1 results beat modestly: GDYN reported $0.09 EPS vs. $0.08 consensus and revenue of $104.1M (up 3.7% y/y), slightly above estimates and at the high end of the company’s guidance. This supports near‑term organic growth expectations. Business Wire: Q1 Results
- Positive Sentiment: FY and Q2 revenue guidance: Management set FY‑2026 revenue guidance of $435M–$465M (consensus ~$443.9M), implying a midpoint above Street estimates, and Q2 revenue guidance of $106M–$108M roughly in line with consensus — signaling revenue stability and potential upside if demand holds. Slide Deck / Press Release
- Neutral Sentiment: Earnings call transcript available for detail: The Q1 call transcript is posted, useful for investors seeking color on margins, backlog, AI demand and hiring trends. Key guidepoints (notably EPS guidance) were minimal in public summary. Earnings Call Transcript
- Negative Sentiment: TD Cowen lowered its price target from $11 to $10 (but kept a Buy rating), trimming upside expectations and signaling more conservative investor assumptions despite the buy stance. Benzinga / TD Cowen note
- Negative Sentiment: Needham cut its price target from $10 to $8 while maintaining a Buy rating, which may pressure sentiment as two brokers trimmed targets the same day. Benzinga / Needham note
Grid Dynamics Company Profile
Grid Dynamics (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises accelerate their digital transformation initiatives. The company specializes in designing and implementing scalable, cloud-native solutions that leverage advanced analytics, machine learning and artificial intelligence to optimize operations, enhance customer experiences and drive revenue growth. Its technology expertise spans e-commerce platforms, modern data architectures, DevOps and automation, as well as custom application development across a range of industries including retail, financial services, high tech and automotive.
Key service offerings include cloud migration and modernization, data engineering and analytics, AI/ML-driven insights, digital commerce and omnichannel solutions.