Grid Dynamics (GDYN) Stock Forecast, Price Target & Predictions
GDYN Stock Forecast
Grid Dynamics stock forecast is as follows: an average price target of $13.00 (represents a -16.77% downside from GDYN’s last price of $15.62) 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 $13.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $13.00 to $13.00. This represents a potential -16.77% downside from GDYN's last price of $15.62.
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 |
|---|---|---|---|---|---|---|
| May 24, 2024 | Moshe Katri | Wedbush | $13.00 | $10.17 | 27.83% | -16.77% |
The latest Grid Dynamics stock forecast, released on May 24, 2024 by Moshe Katri from Wedbush, set a price target of $13.00, which represents a 27.83% increase from the stock price at the time of the forecast ($10.17), and a -16.77% decrease from GDYN last price ($15.62).
Grid Dynamics Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $13.00 |
| Last Closing Price | $15.62 | $15.62 | $15.62 |
| Upside/Downside | -100.00% | -100.00% | -16.77% |
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 $15.62. This month's average price target is down NaN% 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 | $104.70M | $102.93M | $97.14M | $93.01M | $94.21M | $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 | $110.27M | $108.41M | $102.32M | $94.48M | $102.09M | $86.00M | $81.06M | $77.82M | $77.51M | $77.28M | $80.43M | $83.94M | $81.79M | $79.35M | $73.25M | $63.55M | $58.79M | $50.91M | $41.99M | $35.87M | $28.28M | $25.09M | $21.34M | $31.50M |
| Low Forecast | $100.33M | $98.63M | $93.09M | $91.53M | $89.54M | $84.54M | $81.06M | $77.82M | $76.19M | $75.87M | $73.17M | $76.37M | $74.41M | $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 | 5 | 3 | 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 | 5 | 3 | 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 | $543.50K | $534.31K | $504.30K | $482.81K | $489.08K | $441.74K | $420.79K | $403.96K | $397.83K | $397.31K | $396.41K | $413.74K | $403.11K | $411.90K | $380.23K | $1.90M | $305.17K | $264.31K | $217.98K | $-1.04M | $146.81K | $130.27K | $110.76K | $-8.84M |
| High Forecast | $572.43K | $562.75K | $531.14K | $490.45K | $529.99K | $446.43K | $420.79K | $403.96K | $402.36K | $401.20K | $417.51K | $435.76K | $424.57K | $411.90K | $380.23K | $2.28M | $305.17K | $264.31K | $217.98K | $-828.08K | $146.81K | $130.27K | $110.76K | $-7.07M |
| Low Forecast | $520.80K | $512.00K | $483.24K | $475.17K | $464.84K | $438.88K | $420.79K | $403.96K | $395.54K | $393.84K | $379.85K | $396.46K | $386.28K | $411.90K | $380.23K | $1.52M | $305.17K | $264.31K | $217.98K | $-1.24M | $146.81K | $130.27K | $110.76K | $-10.61M |
| Surprise % | - | - | - | - | - | - | - | - | -2.68% | 0.36% | 3.37% | -8.94% | -13.92% | -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 $397.83K, with a high of $402.36K and a low of $395.54K. This is 178.20% 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 | 5 | 3 | 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 | $9.62M | $9.62M | $8.04M | $6.46M | $7.67M | $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 | $10.28M | $10.28M | $8.60M | $7.39M | $8.20M | $7.32M | $5.82M | $5.57M | $6.51M | $6.54M | $6.65M | $7.00M | $8.85M | $9.02M | $6.78M | $-2.35M | $6.49M | $6.05M | $4.60M | $-907.28K | $2.17M | $-1.02M | $-4.79M | $-4.90M |
| Low Forecast | $9.10M | $9.10M | $7.60M | $5.54M | $6.71M | $7.13M | $5.80M | $5.54M | $5.32M | $5.35M | $5.88M | $6.19M | $7.83M | $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 | 5 | 3 | 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 | $37.18M | $36.56M | $34.50M | $33.03M | $33.46M | $30.22M | $28.79M | $27.64M | $27.22M | $27.18M | $27.12M | $28.31M | $27.58M | $28.18M | $26.01M | $25.83M | $20.88M | $18.08M | $14.91M | $8.43M | $10.04M | $8.91M | $7.58M | $19.08M |
| High Forecast | $39.16M | $38.50M | $36.34M | $33.55M | $36.26M | $30.54M | $28.79M | $27.64M | $27.53M | $27.45M | $28.56M | $29.81M | $29.05M | $28.18M | $26.01M | $30.99M | $20.88M | $18.08M | $14.91M | $10.12M | $10.04M | $8.91M | $7.58M | $22.90M |
| Low Forecast | $35.63M | $35.03M | $33.06M | $32.51M | $31.80M | $30.03M | $28.79M | $27.64M | $27.06M | $26.95M | $25.99M | $27.12M | $26.43M | $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% | 0.91% | 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 $27.64M, based on 1 Wall Street analysts, with a range of $27.64M to $27.64M. The forecast indicates a 9.17% 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 | 5 | 3 | 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 | $0.08 | $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 | $0.13 | $0.13 | $0.11 | $0.09 | $0.10 | $0.09 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.09 | $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 | $0.07 | $0.09 | $0.09 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $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 |
|---|---|---|---|---|---|
| WNS | WNS | $47.72 | $72.86 | 52.68% | Buy |
| NABL | N-able | $12.37 | $17.00 | 37.43% | Buy |
| G | Genpact | $38.78 | $42.25 | 8.95% | Hold |
| ASGN | ASGN | $91.43 | $99.00 | 8.28% | Hold |
| PRFT | Perficient | $75.96 | $81.00 | 6.64% | Hold |
| PSN | Parsons | $109.61 | $103.83 | -5.27% | Buy |
| IT | Gartner | $505.06 | $450.00 | -10.90% | Hold |
| CACI | CACI | $553.27 | $491.11 | -11.24% | Buy |
| GDYN | Grid Dynamics | $15.62 | $13.00 | -16.77% | Buy |
| EXLS | ExlService | $42.12 | $32.64 | -22.51% | Buy |
GDYN Forecast FAQ
Is Grid Dynamics a good buy?
Yes, according to 3 Wall Street analysts, Grid Dynamics (GDYN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of GDYN's total ratings.
What is GDYN's price target?
Grid Dynamics (GDYN) average price target is $13 with a range of $13 to $13, implying a -16.77% from its last price of $15.62. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Grid Dynamics stock go up soon?
According to Wall Street analysts' prediction for GDYN stock, the company can go down by -16.77% (from the last price of $15.62 to the average price target of $13), down by -16.77% based on the highest stock price target, and down by -16.77% based on the lowest stock price target.
Can Grid Dynamics stock reach $20?
GDYN's average twelve months analyst stock price target of $13 does not support the claim that Grid Dynamics can reach $20 in the near future.
What are Grid Dynamics's analysts' financial forecasts?
Grid Dynamics's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $338.18M (high $346.97M, low $332.96M), average EBITDA is $1.76M (high $1.8M, low $1.73M), average net income is $26.26M (high $26.91M, low $25.17M), average SG&A $120.11M (high $123.23M, low $118.26M), and average EPS is $0.333 (high $0.341, low $0.319). GDYN's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $397.77M (high $415.47M, low $383.58M), average EBITDA is $2.06M (high $2.16M, low $1.99M), average net income is $33.74M (high $36.55M, low $31.34M), average SG&A $141.27M (high $147.56M, low $136.23M), and average EPS is $0.428 (high $0.464, low $0.398).
Did the GDYN's actual financial results beat the analysts' financial forecasts?
Based on Grid Dynamics's last annual report (Dec 2023), the company's revenue was $312.91M, beating the average analysts forecast of $309.23M by 1.19%. Apple's EBITDA was $-5.58M, missing the average prediction of $1.61M by -447.60%. The company's net income was $-1.765M, missing the average estimation of $24.97M by -107.07%. Apple's SG&A was $103.98M, missing the average forecast of $109.83M by -5.32%. Lastly, the company's EPS was $-0.0235, missing the average prediction of $0.317 by -107.42%. In terms of the last quarterly report (Dec 2023), Grid Dynamics's revenue was $78.07M, beating the average analysts' forecast of $76.64M by 1.87%. The company's EBITDA was $-1.065M, missing the average prediction of $397.83K by -367.70%. Grid Dynamics's net income was $2.9M, missing the average estimation of $6.08M by -52.31%. The company's SG&A was $25.32M, missing the average forecast of $27.22M by -6.99%. Lastly, the company's EPS was $0.0372, missing the average prediction of $0.0772 by -51.80%