GDYN - Grid Dynamics: Consider Both Growth And Margins
2024-05-08 12:43:47 ET
Summary
- Grid Dynamics' revenue outlook is favorable, considering the trend of IT vendor consolidation and the good performance of its finance industry vertical.
- But GDYN faces a certain degree of margin pressure relating to the company's expansion in Central Europe and its investments in technology to support future growth.
- Taking into account both its top line growth prospects and the profitability outlook, I have decided to retain a Hold rating for Grid Dynamics.
Elevator Pitch
I have a Hold rating for Grid Dynamics Holdings, Inc. ( GDYN ) shares. Earlier, I wrote about the key positives and negatives for GDYN in my January 22, 2024 initiation piece ....
Grid Dynamics: Consider Both Growth And Margins