Grid Dynamics (GDYN) Stock Forecast, Price Target & Predictions
GDYN Stock Forecast
Grid Dynamics stock forecast is as follows: an average price target of $16.50 (represents a -6.83% downside from GDYN’s last price of $17.71) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
GDYN Price Target
The average price target for Grid Dynamics (GDYN) is $16.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $20.00 to $13.00. This represents a potential -6.83% downside from GDYN's last price of $17.71.
GDYN Analyst Ratings
According to 3 Wall Street analysts, Grid Dynamics's rating consensus is 'Buy'. The analyst rating breakdown for GDYN stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Grid Dynamics Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 01, 2024 | Mayank Tandon | Needham | - | - | 31.23% | 12.93% |
| May 24, 2024 | Moshe Katri | Wedbush | - | - | 27.83% | -26.60% |
The latest Grid Dynamics stock forecast, released on Nov 01, 2024 by Mayank Tandon from Needham, set a price target of $20.00, which represents a 31.23% increase from the stock price at the time of the forecast ($15.24), and a 12.93% increase from GDYN last price ($17.71).
Grid Dynamics Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 2 |
| Avg Price Target | $20.00 | $20.00 | $16.50 |
| Last Closing Price | $17.71 | $17.71 | $17.71 |
| Upside/Downside | 12.93% | 12.93% | -6.83% |
In the current month, the average price target of Grid Dynamics stock is $20.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 12.93% increase as opposed to Grid Dynamics's last price of $17.71. This month's average price target is down 0.00% compared to last quarter, and up 21.21% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 27, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 02, 2024 | Cowen & Co. | Buy | Upgrade | |
| Jul 12, 2024 | Needham | Underperform | Underperform | Hold |
| Jul 12, 2024 | Wedbush | Buy | Buy | Hold |
| Jul 12, 2024 | Citigroup | Buy | Buy | Hold |
| May 24, 2024 | Wedbush | Buy | Buy | Hold |
| May 24, 2024 | Needham | Underperform | Underperform | Hold |
| May 23, 2024 | Wedbush | Outperform | Initialise | |
| Feb 14, 2024 | Citigroup | Underperform | Underperform | Hold |
| Feb 14, 2024 | Needham | Buy | Buy | Hold |
Grid Dynamics's last stock rating was published by Cowen & Co. on Sep 27, 2024. The company gave GDYN a "Buy" rating, the same as its previous rate.
Grid Dynamics Financial Forecast
Grid Dynamics Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $78.07M | $77.42M | $77.34M | $80.08M | $80.58M | $81.16M | $77.33M | $71.41M | $66.54M | $57.93M | $47.68M | $39.13M | $30.13M | $26.33M | $22.37M | $32.46M |
| Avg Forecast | $106.20M | $105.43M | $100.14M | $96.01M | $96.18M | $85.09M | $81.06M | $77.82M | $76.64M | $76.54M | $76.36M | $79.70M | $77.65M | $79.35M | $73.25M | $63.55M | $58.79M | $50.91M | $41.99M | $35.87M | $28.28M | $25.09M | $21.34M | $31.50M |
| High Forecast | $106.68M | $105.90M | $100.60M | $96.76M | $96.61M | $85.21M | $81.06M | $77.82M | $77.51M | $77.28M | $76.71M | $80.06M | $78.00M | $79.35M | $73.25M | $63.55M | $58.79M | $50.91M | $41.99M | $35.87M | $28.28M | $25.09M | $21.34M | $31.50M |
| Low Forecast | $105.81M | $105.05M | $99.78M | $95.25M | $95.83M | $84.98M | $81.06M | $77.82M | $76.19M | $75.87M | $76.09M | $79.41M | $77.37M | $79.35M | $73.25M | $63.55M | $58.79M | $50.91M | $41.99M | $35.87M | $28.28M | $25.09M | $21.34M | $31.50M |
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | 1.02% | 1.01% | 1.01% | 1.00% | 1.04% | 1.02% | 1.06% | 1.12% | 1.13% | 1.14% | 1.14% | 1.09% | 1.07% | 1.05% | 1.05% | 1.03% |
Grid Dynamics's average Quarter revenue forecast for Mar 24 based on 1 analysts is $77.82M, with a low forecast of $77.82M, and a high forecast of $77.82M. GDYN's average Quarter revenue forecast represents a -0.32% decrease compared to the company's last Quarter revenue of $78.07M (Dec 23).
Grid Dynamics EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | $-1.06M | $143.00K | $1.33M | $-3.70M | $-5.61M | $-2.34M | $-8.36M | $2.43M | $-1.48M | $3.50M | $2.46M | $-1.88M | $-2.96M | $-554.00K | $-2.39M | $-6.63M |
| Avg Forecast | $1.04M | $1.04M | $983.82K | $943.15K | $944.87K | $835.96K | $796.31K | $764.47K | $752.87K | $751.89K | $750.17K | $782.97K | $762.85K | $411.90K | $380.23K | $1.90M | $305.17K | $264.31K | $217.98K | $-1.04M | $146.81K | $130.27K | $110.76K | $-8.84M |
| High Forecast | $1.05M | $1.04M | $988.25K | $950.58K | $949.12K | $837.07K | $796.31K | $764.47K | $761.43K | $759.24K | $753.55K | $786.50K | $766.29K | $411.90K | $380.23K | $2.28M | $305.17K | $264.31K | $217.98K | $-828.08K | $146.81K | $130.27K | $110.76K | $-7.07M |
| Low Forecast | $1.04M | $1.03M | $980.27K | $935.73K | $941.46K | $834.86K | $796.31K | $764.47K | $748.53K | $745.32K | $747.47K | $780.15K | $760.10K | $411.90K | $380.23K | $1.52M | $305.17K | $264.31K | $217.98K | $-1.24M | $146.81K | $130.27K | $110.76K | $-10.61M |
| Surprise % | - | - | - | - | - | - | - | - | -1.41% | 0.19% | 1.78% | -4.72% | -7.36% | -5.67% | -21.99% | 1.28% | -4.86% | 13.26% | 11.28% | 1.82% | -20.18% | -4.25% | -21.59% | 0.75% |
3 analysts predict GDYN's average Quarter EBITDA for Dec 23 to be $752.87K, with a high of $761.43K and a low of $748.53K. This is 426.48% upper than Grid Dynamics's previous annual EBITDA (Sep 23) of $143.00K.
Grid Dynamics Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Net Income | - | - | - | - | - | - | - | - | $2.90M | $676.00K | $2.63M | $-7.97M | $-6.70M | $-6.66M | $-13.19M | $-2.67M | $-3.61M | $-549.00K | $-1.48M | $-2.06M | $-4.72M | $-1.12M | $-2.17M | $-4.60M |
| Avg Forecast | $9.30M | $9.78M | $8.36M | $6.94M | $7.93M | $7.22M | $5.81M | $5.55M | $6.08M | $6.12M | $6.22M | $6.55M | $8.28M | $9.02M | $6.78M | $-2.93M | $6.49M | $6.05M | $4.60M | $-1.13M | $2.17M | $-1.02M | $-4.79M | $-6.13M |
| High Forecast | $9.36M | $9.83M | $8.41M | $7.93M | $7.98M | $7.32M | $5.82M | $5.57M | $6.12M | $6.15M | $6.25M | $6.59M | $8.33M | $9.02M | $6.78M | $-2.35M | $6.49M | $6.05M | $4.60M | $-907.28K | $2.17M | $-1.02M | $-4.79M | $-4.90M |
| Low Forecast | $9.26M | $9.73M | $8.32M | $5.95M | $6.94M | $7.13M | $5.80M | $5.54M | $5.32M | $5.35M | $6.19M | $6.52M | $8.24M | $9.02M | $6.78M | $-3.52M | $6.49M | $6.05M | $4.60M | $-1.36M | $2.17M | $-1.02M | $-4.79M | $-7.35M |
| Surprise % | - | - | - | - | - | - | - | - | 0.48% | 0.11% | 0.42% | -1.22% | -0.81% | -0.74% | -1.95% | 0.91% | -0.56% | -0.09% | -0.32% | 1.82% | -2.17% | 1.09% | 0.45% | 0.75% |
Grid Dynamics's average Quarter net income forecast for Mar 24 is $5.55M, with a range of $5.54M to $5.57M. GDYN's average Quarter net income forecast represents a 91.41% increase compared to the company's last Quarter net income of $2.90M (Dec 23).
Grid Dynamics SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| SG&A | - | - | - | - | - | - | - | - | $25.32M | $24.61M | $23.70M | $30.36M | $33.20M | $33.28M | $35.87M | $23.48M | $26.08M | $21.16M | $16.64M | $15.33M | $13.70M | $10.75M | $9.00M | $14.31M |
| Avg Forecast | $37.82M | $37.54M | $35.66M | $34.19M | $34.25M | $30.30M | $28.87M | $27.71M | $27.29M | $27.26M | $27.19M | $28.38M | $27.65M | $28.18M | $26.01M | $25.83M | $20.88M | $18.08M | $14.91M | $8.43M | $10.04M | $8.91M | $7.58M | $19.08M |
| High Forecast | $37.99M | $37.71M | $35.82M | $34.46M | $34.41M | $30.34M | $28.87M | $27.71M | $27.60M | $27.52M | $27.32M | $28.51M | $27.78M | $28.18M | $26.01M | $30.99M | $20.88M | $18.08M | $14.91M | $10.12M | $10.04M | $8.91M | $7.58M | $22.90M |
| Low Forecast | $37.68M | $37.41M | $35.53M | $33.92M | $34.13M | $30.26M | $28.87M | $27.71M | $27.13M | $27.02M | $27.10M | $28.28M | $27.55M | $28.18M | $26.01M | $20.66M | $20.88M | $18.08M | $14.91M | $6.75M | $10.04M | $8.91M | $7.58M | $15.27M |
| Surprise % | - | - | - | - | - | - | - | - | 0.93% | 0.90% | 0.87% | 1.07% | 1.20% | 1.18% | 1.38% | 0.91% | 1.25% | 1.17% | 1.12% | 1.82% | 1.36% | 1.21% | 1.19% | 0.75% |
Grid Dynamics's average Quarter SG&A projection for Mar 24 is $27.71M, based on 1 Wall Street analysts, with a range of $27.71M to $27.71M. The forecast indicates a 9.46% rise compared to GDYN last annual SG&A of $25.32M (Dec 23).
Grid Dynamics EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| EPS | - | - | - | - | - | - | - | - | $0.04 | $0.01 | $0.04 | $-0.11 | $-0.09 | $-0.10 | $-0.20 | $-0.04 | $-0.05 | $-0.01 | $-0.03 | $-0.04 | $-0.10 | $-0.02 | $-0.04 | $-0.09 |
| Avg Forecast | $0.12 | $0.12 | $0.11 | $0.09 | $0.10 | $0.09 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.11 | $0.12 | $0.09 | $0.05 | $0.08 | $0.08 | $0.06 | $0.03 | $0.03 | $-0.01 | $-0.06 | $0.06 |
| High Forecast | $0.12 | $0.12 | $0.11 | $0.10 | $0.10 | $0.09 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.11 | $0.12 | $0.09 | $0.05 | $0.08 | $0.08 | $0.06 | $0.03 | $0.03 | $-0.01 | $-0.06 | $0.06 |
| Low Forecast | $0.12 | $0.12 | $0.11 | $0.08 | $0.09 | $0.09 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.10 | $0.12 | $0.09 | $0.05 | $0.08 | $0.08 | $0.06 | $0.03 | $0.03 | $-0.01 | $-0.06 | $0.06 |
| Surprise % | - | - | - | - | - | - | - | - | 0.48% | 0.12% | 0.44% | -1.32% | -0.86% | -0.82% | -2.26% | -0.89% | -0.65% | -0.13% | -0.50% | -1.60% | -3.53% | 1.50% | 0.64% | -1.64% |
According to 1 Wall Street analysts, Grid Dynamics's projected average Quarter EPS for Mar 24 is $0.07, with a low estimate of $0.07 and a high estimate of $0.07. This represents a 89.41% increase compared to GDYN previous annual EPS of $0.04 (Dec 23).