GDYN - Grid Dynamics Set For Revenue Surge GenAI Partnerships: Analyst | Benzinga
Wedbush analyst Moshe Katri initiated coverage on Grid Dynamics Holdings Inc (NASDAQ:GDYN) with an Outperform rating and a price target of $13.
The rating reflected recent, encouraging first quarter and calendar year 2024 results.
The company’s GenAI-focused initiatives and product engineering expertise bode well for a second-half calendar year 2024 sequential uptick.
Katri noted that the company’s outsized exposure to retail and TMT verticals, which impacted growth in calendar year 2023. He expects the company to post mid-single-digit and mid-double-digit currency revenue growth between 2024 and 2025, respectively.
GDYN’s partnership model provides significant, long-term monetization ...