TD Cowen lowered the firm’s price target on Grid Dynamics (GDYN) to $10 from $11 and keeps a Buy rating on the shares. The firm said 1Q results slightly topped Street estimates, with a maintained FY26 guide and light 2Q outlook.
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Read More on GDYN:
- Grid Dynamics price target lowered to $8 from $10 at Needham
- Grid Dynamics reports Q1 EPS 9c, consensus 8c
- Grid Dynamics sees Q2 revenue $106M-$108M, consensus $107.9M
- Grid Dynamics sees FY26 revenue $435M-$465M, consensus $443.8M
- Grid Dynamics announces deployment of shopping experience for Galeries Lafayette