GDYN - Grid Dynamics jumps 13% after Citi raises PT to $23

Citi Group analyst Ryan Potter raises PT for Grid Dynamics (NASDAQ:GDYN +12.3%) to $23 from $20 and maintains a Buy rating on the shares. Higher than expected outlook and 'strong beat across board' are the key diameters as mentioned in the analyst research note. He views the Q2 outlook as relatively conservative and sees a good amount of potential upside. Dive in quarterly earnings report from the previous day. The stock is currently trading at $16.9, and has increased about 18% over the last one year.

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Grid Dynamics jumps 13% after Citi raises PT to $23