Northland Securities analyst Tim Savageaux maintains $Grid Dynamics (GDYN.US)$ with a buy rating, and adjusts the target price from $25 to $18.
According to TipRanks data, the analyst has a success rate of 56.4% and a total average return of 14.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Grid Dynamics (GDYN.US)$'s main analysts recently are as follows:
Grid Dynamics reported a significant third-quarter performance that exceeded expectations and the fourth quarter is projected to conclude strongly, surpassing consensus estimates.
Following Grid Dynamics' Q3 earnings surpassing expectations, the company exhibited a 5.3% sequential revenue growth due to widespread robust performance. The increase in demand can be linked to Global 2000 clients refocusing on digital transformation initiatives, and AI projects progressing from the 'proof of concept' stage to full-fledged implementations.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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