Grid Dynamics upgraded by TD Cowen with a new price target
$GDYN
Computer Software: Prepackaged Software
Technology
TD Cowen upgraded Grid Dynamics from Hold to Buy and set a new price target of $16.00 from $12.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/2/2024 | $12.00 → $16.00 | Hold → Buy | TD Cowen |
| 5/24/2024 | $13.00 | Outperform | Wedbush |
| 3/4/2022 | $40.00 → $22.50 | Outperform | Northland Capital Markets |
| 3/4/2022 | $45.00 → $22.00 | Buy | Needham |
| 11/5/2021 | $30.00 → $45.00 | Buy | Needham |
| 11/1/2021 | $35.00 | Buy | Citigroup |
| 8/6/2021 | $23.00 → $30.00 | Buy | Needham |
| 7/30/2021 | $25.00 | Overweight | JP Morgan |
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NEW YORK, Dec. 26, 2024 /PRNewswire/ -- Grid Dynamics Holdings Inc. (NASD: GDYN) will replace Revelyst Inc. (NYSE:GEAR) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, January 2. Strategic Value Partners is acquiring Revelyst in a deal expected to close soon pending final conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Jan 2, 2025 S&P SmallCap 600 Addition Grid Dynamics Holdings GDYN Information Technology Jan 2, 2025 S&P SmallCap 600 Deletion Revelyst GEAR Consumer Discretionary For more information about S&P Dow Jo
Key Takeaways: Grid Dynamics' developer portal enables organizations to streamline the software development process with a unified, self-service solution—improving developer productivity and reducing operational overheads. The solution provides developers with immediate access to application templates, environments, release management tools, and other essential resources. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services, today announced the launch of its innovative developer portal. This self-service system is designed to streamline the software development
Key Takeaways: Grid Dynamics' new Composable Commerce Starter Kit on Azure enables B2C & B2B modern digital commerce capabilities—replacing legacy systems with composable architectures on the Microsoft Azure Cloud, with commercetools as the core commerce engine. The Composable Commerce Starter Kit gives Grid Dynamics' clients a flexible platform to meet and exceed their customers' ever-changing expectations and address the dynamic business requirements of today's market. The Composable Commerce Starter Kit on Azure is an MVP accelerator, which Grid Dynamics can deploy for clients on Microsoft Azure in months, enabling rapid time-to-value and improved operational efficiency leveragi
NEW YORK, Dec. 26, 2024 /PRNewswire/ -- Grid Dynamics Holdings Inc. (NASD: GDYN) will replace Revelyst Inc. (NYSE:GEAR) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, January 2. Strategic Value Partners is acquiring Revelyst in a deal expected to close soon pending final conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Jan 2, 2025 S&P SmallCap 600 Addition Grid Dynamics Holdings GDYN Information Technology Jan 2, 2025 S&P SmallCap 600 Deletion Revelyst GEAR Consumer Discretionary For more information about S&P Dow Jo
Key Takeaways: The acquisition of JUXT accelerates Grid Dynamics' growth in the banking and financial services industries, particularly within the European market. JUXT's expertise as a full life cycle developer and operator of mission-critical information systems reinforces Grid Dynamics' go-to-market offering within financial services. The deal expands Grid Dynamics' portfolio of enterprise clients, and reinforces the company's position as a leader in complex data solutions. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services, today announces its acquisition o
Key Takeaways: Rahul Shah joins the Grid Dynamics leadership team as Regional Head, India. In this pivotal role for Grid Dynamics, Rahul is focused on revenue growth, customer acquisition, and talent development. Rahul's 30+ years of industry experience and proven track record of building high-performing teams strengthen Grid Dynamics' ability to accelerate top-line revenue growth. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and advanced analytics services, today proudly announced that Rahul Shah joined the company as Regional Head, India. Rahul's pivotal role centers around revenu
Record Revenues of $87.4 million and GAAP Net Income of $4.3 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or the "Company"), a leader in enterprise-level digital transformation, today announced results for the third quarter ended September 30, 2024. We are very pleased to report third quarter 2024 revenues of $87.4 million that was higher than our outlook range of $84.0 million to $86.0 million that we provided in August 2024. Our Retail and Technology, Media and Telecom ("TMT") verticals were the two largest verticals during the third quarter of 2024 with 34.1% and 27.7% of our revenues, respectively. Our Finance vertical, representing 16.2% of our third quarter re
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, October 31, 2024 to discuss its third quarter 2024 financial results. A press release containing these results will be available on our website prior to the call. A webcast of the video conference call may be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors with the passcode: $Q3@2024. A replay will be available after the video conference at https://www.griddynamics.com/investors. About Grid Dynamics Grid
Record revenue of $83.0 million and GAAP Net Loss of $0.8 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or "Company"), a leader in enterprise-level digital transformation, today announced results for the second quarter ended June 30, 2024. We are very pleased to report the second quarter 2024 revenues of $83.0 million that was higher than our outlook range of $80.0 million to $82.0 million that we provided in May 2024. Our Retail and Technology, Media and Telecom ("TMT") verticals were the two largest verticals during the second quarter of 2024 with 32.2% and 28.0% of our revenues, respectively. Our Finance vertical, representing 15.1% of our second quarter revenue
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TD Cowen upgraded Grid Dynamics from Hold to Buy and set a new price target of $16.00 from $12.00 previously
Wedbush initiated coverage of Grid Dynamics with a rating of Outperform and set a new price target of $13.00
Northland Capital Markets reiterated coverage of Grid Dynamics Holdings with a rating of Outperform and set a new price target of $22.50 from $40.00 previously