Needham lowered the firm’s price target on Grid Dynamics (GDYN) to $8 from $10 and keeps a Buy rating on the shares after its better-than-expected Q1 results. Based on increasing traction for its GAIN platforms and an improving AI margin profile, Grid Dynamics is well positioned to accelerate growth and expand margins over the medium term, the analyst tells investors in a research note.
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Read More on GDYN:
- 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
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- Grid Dynamics price target lowered to $12 from $14 at Northland