Grid Dynamics (GDYN) Stock Forecast, Price Target & Predictions
GDYN Stock Forecast
Grid Dynamics stock forecast is as follows: an average price target of $20.00 (represents a -2.44% downside from GDYN’s last price of $20.50) 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 $20.00 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 $20.00. This represents a potential -2.44% downside from GDYN's last price of $20.50.
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 | $20.00 | $15.24 | 31.23% | -2.44% |
| May 24, 2024 | Moshe Katri | Wedbush | $13.00 | $10.17 | 27.83% | -36.59% |
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 -2.44% decrease from GDYN last price ($20.50).
Grid Dynamics Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $20.00 | $16.50 |
| Last Closing Price | $20.50 | $20.50 | $20.50 |
| Upside/Downside | -100.00% | -2.44% | -19.51% |
In the current month, the average price target of Grid Dynamics stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Grid Dynamics's last price of $20.50. This month's average price target is down -100.00% compared to last quarter, and down -100.00% 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 | $96.10M | $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 | $106.67M | $105.89M | $100.59M | $96.76M | $96.53M | $85.21M | $81.06M | $77.82M | $77.51M | $77.28M | $76.70M | $80.05M | $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 | $105.73M | $104.96M | $99.70M | $95.25M | $95.68M | $84.98M | $81.06M | $77.82M | $76.19M | $75.87M | $76.02M | $79.35M | $77.31M | $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 | $1.12M | $1.11M | $1.06M | $1.01M | $1.01M | $898.73K | $856.10K | $821.86K | $809.39K | $808.34K | $806.49K | $841.75K | $820.13K | $411.90K | $380.23K | $1.90M | $305.17K | $264.31K | $217.98K | $-1.04M | $146.81K | $130.27K | $110.76K | $-8.84M |
| High Forecast | $1.13M | $1.12M | $1.06M | $1.02M | $1.02M | $899.92K | $856.10K | $821.86K | $818.60K | $816.25K | $810.06K | $845.48K | $823.75K | $411.90K | $380.23K | $2.28M | $305.17K | $264.31K | $217.98K | $-828.08K | $146.81K | $130.27K | $110.76K | $-7.07M |
| Low Forecast | $1.12M | $1.11M | $1.05M | $1.01M | $1.01M | $897.54K | $856.10K | $821.86K | $804.73K | $801.27K | $802.94K | $838.04K | $816.51K | $411.90K | $380.23K | $1.52M | $305.17K | $264.31K | $217.98K | $-1.24M | $146.81K | $130.27K | $110.76K | $-10.61M |
| Surprise % | - | - | - | - | - | - | - | - | -1.32% | 0.18% | 1.65% | -4.39% | -6.84% | -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 $809.39K, with a high of $818.60K and a low of $804.73K. This is 466.01% 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 | $9.62M | $8.20M | $6.94M | $7.88M | $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 | $9.67M | $8.25M | $6.98M | $8.76M | $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 | $9.25M | $9.56M | $8.15M | $6.17M | $7.01M | $7.13M | $5.80M | $5.54M | $5.32M | $5.35M | $6.18M | $6.51M | $8.23M | $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 | $34.22M | $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 | $34.37M | $30.34M | $28.87M | $27.71M | $27.60M | $27.52M | $27.31M | $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 | $37.65M | $37.38M | $35.51M | $33.92M | $34.07M | $30.26M | $28.87M | $27.71M | $27.13M | $27.02M | $27.07M | $28.26M | $27.53M | $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 | $0.10 | $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 | $0.10 | $0.09 | $0.11 | $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 | $0.10 | $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).
Grid Dynamics Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| NABL | N-able | $10.02 | $17.00 | 69.66% | Buy |
| CACI | CACI | $415.14 | $525.14 | 26.50% | Buy |
| WNS | WNS | $47.84 | $58.33 | 21.93% | Buy |
| PSN | Parsons | $96.33 | $116.60 | 21.04% | Buy |
| IT | Gartner | $497.42 | $545.75 | 9.72% | Hold |
| ASGN | ASGN | $87.17 | $88.00 | 0.95% | Buy |
| G | Genpact | $43.27 | $43.67 | 0.92% | Hold |
| GDYN | Grid Dynamics | $19.82 | $20.00 | 0.91% | Buy |
| EXLS | ExlService | $45.59 | $39.00 | -14.45% | Buy |