UPDATE: Cantor Fitzgerald Assumes Grid Dynamics Holdings (GDYN) at Overweight
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."
Shares of Grid Dynamics Holdings closed at $14.41 yesterday.
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