Grid Dynamics price target raised to $24 from $18 at Northland

Northland raised the firm’s price target on Grid Dynamics (GDYN) to $24 from $18 and keeps an Outperform rating on the shares following the company’s better than expected Q4 results and outlook late last week. Grid Dynamics reinstated annual revenue guidance for the first time in two years, with “best in class” low teens organic growth and overall growth of 21%, the analyst tells investors.