Needham analyst Mayank Tandon maintains $Grid Dynamics (GDYN.US)$ with a buy rating, and adjusts the target price from $17 to $20.
According to TipRanks data, the analyst has a success rate of 44.2% and a total average return of 1.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Grid Dynamics (GDYN.US)$'s main analysts recently are as follows:
The firm anticipates a neutral risk/reward for Grid Dynamics leading into the digital IT services results for Q3, citing no stark changes in short-cycle IT spending. The firm's stance is to focus on valuation and expected relative growth as we approach the year 2025.
Grid Dynamics reported a significant third-quarter performance that surpassed expectations, and their fourth-quarter outlook indicates a strong finish that is ahead of the consensus.
Following Grid Dynamics' earnings that surpassed Q3 expectations, the company showcased a 5.3% sequential revenue growth, attributed to widespread vigor. There's a noted uptick in demand as Global 2000 clients adjust their focus towards digital transformation initiatives. Additionally, AI ventures are advancing from experimental 'proof of concept' stages to full-fledged large-scale implementations.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
Needham分析師Mayank Tandon維持$Grid Dynamics (GDYN.US)$買入評級，並將目標價從17美元上調至20美元。
根據TipRanks數據顯示，該分析師近一年總勝率為44.2%，總平均回報率為1.4%。
此外，綜合報道，$Grid Dynamics (GDYN.US)$近期主要分析師觀點如下：
該公司預計，Grid Dynamics將在第三季度數字信息技術服務業績中性風險/回報中立，理由是短週期信息技術支出沒有明顯變化。隨着我們臨近2025年，該公司的立場是將重點放在估值和預期的相對增長上。
Grid Dynamics報告了超出預期的第三季度業績，其第四季度展望顯示出強勁的業績，領先於共識。
繼Grid Dynamics的收益超出第三季度的預期之後，該公司的收入連續增長了5.3％，這要歸因於廣泛的活力。隨着全球2000強客戶將重點調整到數字化轉型計劃，需求明顯上升。此外，人工智能企業正在從實驗性的 「概念驗證」 階段發展到全面的大規模實施。
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