Navigating 5 Analyst Ratings For Grid Dynamics Holdings
5 analysts have shared their evaluations of Grid Dynamics Holdings (NASDAQ:GDYN) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 2 | 1 | 0 | 0 | 0 |
Analysts have recently evaluated Grid Dynamics Holdings and provided 12-month price targets. The average target is $14.6, accompanied by a high estimate of $16.00 and a low estimate of $13.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 10.15%.
Analyzing Analyst Ratings: A Detailed Breakdown
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 |
|---|---|---|---|---|---|
| Ryan Potter | Citigroup | Lowers | Buy | $14.00 | $15.00 |
| Moshe Katri | Wedbush | Announces | Outperform | $13.00 | - |
| Mayank Tandon | Needham | Maintains | Buy | $16.00 | $16.00 |
| Tien-Tsin Huang | JP Morgan | Lowers | Overweight | $15.00 | $17.00 |
| Ryan Potter | Citigroup | Lowers | Buy | $15.00 | $17.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Grid Dynamics Holdings. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Grid Dynamics Holdings compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Grid Dynamics Holdings's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Grid Dynamics Holdings's market position. Stay informed and make well-informed decisions with our Ratings Table.
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About Grid Dynamics Holdings
Grid Dynamics Holdings Inc provides enterprise-level digital transformation in the areas of search, analytics, and release automation to Fortune 1000 companies. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. The company derives maximum revenue from Retails. Geographically company earns revenue from North America, Europe and other regions.
Key Indicators: Grid Dynamics Holdings's Financial Health
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Challenges: Grid Dynamics Holdings's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -0.33%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Grid Dynamics Holdings's net margin excels beyond industry benchmarks, reaching -4.95%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -1.03%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Grid Dynamics Holdings's ROA stands out, surpassing industry averages. With an impressive ROA of -0.91%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Grid Dynamics Holdings's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.03.
The Significance of Analyst Ratings Explained
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.