UPDATE: Cantor Fitzgerald Assumes Grid Dynamics Holdings (GDYN) at Overweight

May 3, 2021 4:06 PM EDT
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Price: $16.34 +4.95%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 9 | New: 37
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(Updated - May 4, 2021 6:36 AM EDT)

Cantor Fitzgerald analyst Josh Siegler assumes coverage on Grid Dynamics Holdings (NASDAQ: GDYN) with a Overweight rating and a price target of $20.00.

The analyst comments "We believe that Grid is currently at a growth inflection point. Due to its focus on CEE outsourcing and sales force expansion, we expect Grid to grow sales at a 3-yr CAGR of 26%, ~30% faster than the digital transformation industry which is projected to expand at a 20% CAGR over the next 5 years."

For an analyst ratings summary and ratings history on Grid Dynamics Holdings click here. For more ratings news on Grid Dynamics Holdings click here.

Shares of Grid Dynamics Holdings closed at $14.41 yesterday.

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