Analysts Offer Insights on Technology Companies: Grid Dynamics Holdings (GDYN), Block (SQ) and Altair Engineering (ALTR)

Analysts have been eager to weigh in on the Technology sector with new ratings on Grid Dynamics Holdings (GDYN – Research Report), Block (SQ – Research Report) and Altair Engineering (ALTR – Research Report).

Grid Dynamics Holdings (GDYN)

Needham analyst Mayank Tandon reiterated a Buy rating on Grid Dynamics Holdings today and set a price target of $16.00. The company’s shares closed last Thursday at $9.84.

According to TipRanks.com, Tandon is a 3-star analyst with an average return of 1.5% and a 42.7% success rate. Tandon covers the Technology sector, focusing on stocks such as International Money Express, SS&C Technologies Holdings, and Exlservice Holdings.

Currently, the analyst consensus on Grid Dynamics Holdings is a Strong Buy with an average price target of $15.25, representing a 53.4% upside. In a report issued on April 22, Citi also maintained a Buy rating on the stock with a $15.00 price target.

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Block (SQ)

Barclays analyst Ramsey El Assal maintained a Buy rating on Block yesterday and set a price target of $100.00. The company’s shares closed last Thursday at $70.30.

According to TipRanks.com, Assal is a 3-star analyst with an average return of 1.3% and a 51.0% success rate. Assal covers the Technology sector, focusing on stocks such as TELUS International (CDA), Fidelity National Info, and AvidXchange Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Block with a $88.92 average price target, implying a 30.0% upside from current levels. In a report issued on May 1, Macquarie also maintained a Buy rating on the stock.

Altair Engineering (ALTR)

RBC Capital analyst Matthew Hedberg maintained a Hold rating on Altair Engineering today and set a price target of $90.00. The company’s shares closed last Thursday at $81.75.

According to TipRanks.com, Hedberg is a 5-star analyst with an average return of 10.9% and a 55.0% success rate. Hedberg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Netscout Systems.

Altair Engineering has an analyst consensus of Moderate Buy, with a price target consensus of $94.13, representing a 15.3% upside. In a report released today, Goldman Sachs also reiterated a Hold rating on the stock with a $85.00 price target.

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Read More on GDYN:

• Grid Dynamics price target lowered to $15 from $17 at Citi