Grid Dynamics (GDYN) Stock Forecast & Price Target

$14.33

+0.22 (+1.56%)

(As of 10/4/2024 ET)

Grid Dynamics - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 6 Analyst Ratings

Sell
0

Hold
0

Buy
6

Based on 6 Wall Street analysts who have issued ratings for Grid Dynamics in the last 12 months, the stock has a consensus rating of "Buy." Out of the 6 analysts, 5 have given a buy rating, and 1 has given a strong buy rating for GDYN.

Consensus Price Target

$15.67
9.33% Upside

According to the 6 analysts' twelve-month price targets for Grid Dynamics, the average price target is $15.67. The highest price target for GDYN is $17.00, while the lowest price target for GDYN is $13.00. The average price target represents a forecasted upside of 9.33% from the current price of $14.33.

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GDYN Analyst Ratings Over Time

Type	Current Forecast 10/7/23 to 10/6/24	1 Month Ago 9/7/23 to 9/6/24	3 Months Ago 7/9/23 to 7/8/24	1 Year Ago 10/7/22 to 10/7/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$15.67	$15.67	$15.20	$14.00
Forecasted Upside	9.33% Upside	13.94% Upside	43.26% Upside	10.85% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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GDYN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GDYN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Grid Dynamics Stock vs. The Competition

Type	Grid Dynamics	Computer and Technology Companies	S&P 500
Consensus Rating Score	3.17	2.66	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	9.33% Upside	1,694.42% Upside	7.03% Upside
News Sentiment Rating	Positive News See Recent GDYN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/6/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$15.00 ➝ $17.00	+24.36%
8/12/2024	Cantor Fitzgerald 3 of 5 stars	Y. Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/5/2024	Needham & Company LLC 2 of 5 stars		Boost Target	Buy ➝ Buy	$16.00 ➝ $17.00	+22.83%
8/2/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Bergin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$12.00 ➝ $16.00	+30.61%
7/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$15.00 ➝ $14.00	+27.16%
5/23/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Katri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform	$13.00	+27.83%
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:50 AM ET.

GDYN Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Grid Dynamics is $15.67, with a high forecast of $17.00 and a low forecast of $13.00.
: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grid Dynamics in the last twelve months. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" GDYN shares.
: According to analysts, Grid Dynamics's stock has a predicted upside of 9.33% based on their 12-month stock forecasts.
: Over the previous 90 days, Grid Dynamics's stock had 2 upgrades by analysts.
: Grid Dynamics has been rated by research analysts at Cantor Fitzgerald, Citigroup, JPMorgan Chase & Co., Needham & Company LLC, and TD Cowen in the past 90 days.
: Analysts like Grid Dynamics more than other "computer and technology" companies. The consensus rating for Grid Dynamics is Buy while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how GDYN compares to other companies.