The Latest Analyst Ratings For Grid Dynamics Holdings

Across the recent three months, 4 analysts have shared their insights on Grid Dynamics Holdings GDYN, expressing a variety of opinions spanning from bullish to bearish.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

The 12-month price targets, analyzed by analysts, offer insights with an average target of $15.0, a high estimate of $16.00, and a low estimate of $14.00. Observing a 3.45% increase, the current average has risen from the previous average price target of $14.50.

Diving into Analyst Ratings: An In-Depth Exploration

The standing of Grid Dynamics Holdings among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Grid Dynamics Holdings. This information offers a snapshot of how analysts perceive the current state of the company.
• Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Grid Dynamics Holdings compared to the broader market.
• Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Grid Dynamics Holdings's stock. This comparison reveals trends in analysts' expectations over time.

For valuable insights into Grid Dynamics Holdings's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

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All You Need to Know 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. Geographically company earns revenue from North America, Europe and other regions.

Grid Dynamics Holdings's Financial Performance

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Revenue Growth: Grid Dynamics Holdings's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -4.61%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Grid Dynamics Holdings's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 0.87%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Grid Dynamics Holdings's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 0.18%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): Grid Dynamics Holdings's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.16%, the company may face hurdles in achieving optimal financial performance.

Debt Management: Grid Dynamics Holdings's debt-to-equity ratio is below the industry average. With a ratio of 0.03, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

How Are Analyst Ratings Determined?

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and 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.

This article was generated by Benzinga's automated content engine and reviewed by an editor.